What is the test for assessing shares in a company?
Alberta, Canada
The following excerpt is from Pocklington v. Alberta (Provincial Treasurer), 1998 ABQB 279 (CanLII):
Assistance for Courts in evaluating shares can be had by consideration of the nature of shares. They are fractions of potential interest in the assets in the active life of the company, whatever it may be, into which the capital is divided. (Zwicker v. Stanbury et al., 1953 CanLII 407 (SCC), [1953] 2 S.C.R. 438).
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