Bob and Babs jointly own shares in Powerfoam Ltd. They are seeking your advice regarding their legal position as joint holders of the shares. Advice them.

Bob and Babs have similar rights in relation to the shares e.g. dividend payable thereon. They are jointly and severally liable to make good any calls on the shares. In the case of voting in general meetings the members decide who among them is to vote, failing which the member whose name appears on the register first votes.

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