Share-Warrant to Bearer Law and Legal Definition

Share-warrant to bearer is a document issued by a company certifying that the bearer is entitled to a certain amount of fully paid stock shares. Upon issuing the share warrants, the company must strike out the shareholder’s name from its register of members and must state the date of issue of the warrant and the number of shares issued. Generally, share warrants are easily transferable without any need for a transfer document. Accordingly, mere delivery of the warrant operates as a transfer of the shares of stock.