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sub·di·vi·sion /'səb-də-ˌvi-zhən/ n1: an act or instance of subdividingobtain approval of his subdivision of the land2: a tract of land subdivided into lotsto provide streets and sewers for the subdivision3: a part made by subdividingas prescribed in subdivision one of this section
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
noun
bisection, categorization, category, class, classification, compartment, component, division, fraction, fragment, group, grouping, pars, part, partition, section, sector, segment, separation, subcategory, subclass, subgroup, subheading
associated concepts: political subdivision, subdivision of a statute
II
index
affiliate, chapter (branch), chapter (division), class, component, constituent (part), decentralization, denomination, department, detail, dichotomy, lot, member (constituent part), offshoot, organ, part (portion), province, section (division), segment, split, subheading
Burton's Legal Thesaurus. William C. Burton. 2006
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For various reasons a company may wish to consolidate its share capital by combining shares into units, for example consolidating 10p shares into ₤1 shares by combining each set of ten 10p shares held by the shareholder into one ₤1 share. This only works if the mathematics are right; you cannot be left with fractions. Subdivision is the opposite process. In each case, under the Companies Act 1985, the change is carried out by ordinary resolution and details must be filed at the Companies Registry.
Easyform Glossary of Law Terms. — UK law terms.
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n. A reduction in area of a piece of land by dividing it up into two or more smaller parcels.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.