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2.3 - When can you first sell shares in a company?

1761, 1812, 1817, 1822, 1822CA, 1824, 1824 v2, 1826, 1827 Jr., 1837, 1837SX, 1838 Rheinland, 1841, 1847, 1847AE, 1849, 1851, 1853, 1853 v2, 1858, 1861, 1865 Sardinia, 1867, 1876-35, 1876-35 v2, 1893, 1895, 1898, 18Ardennes, 18BL, 18Dixie, 18EU, 18FL, 18GL, 18Neb, 18NW, 18NYC, 18Rhl Rhineland, 18Ruhr, 18Scan, 18US, 18USA, 18VA, Steam Over Holland After it has operated.
1800, 1825, 1829, 1829 Mainline, 1830, 1830BC, 1830Lummerland, 1830NL, 1832, 1834, 1848, 1850, 1856, 1857, 1859, 1862, 1868, 1869 The Golden Spike, 1869 USA West, 1870, 1876 v2, 1876-30, 1876-30 v2, 1879, 1880, 1881, 1883, 1889, 1891, 1899, 18??, 18Africa, 18AL, 18C2C, 18Chesapeake, 18CZ, 18EC, 18EZ Levels 2 and 3, 18GA, 18GA v2, 18GM, 18JP-T, 18Kaas, 18Mex, 18MS, 18MW, 18NL, 18PA, 18SA, 18SS, 18SY, 18TN, Crisis From the second stock round onwards.
1830 Cardgame Not applicable. Shares may not be sold at any time.
1831, 18CLE, 18Lilliput, Poseidon, Railroad Barons, Rolling Stock As soon as you like.
1841, 1849
You may not voluntarily sell them until it has operated. You may be forced to sell them earlier in an emergency money-raising step.
1835 After it has operated; except that you may sell Prussian shares once they have floated.
1844 In the second SR. But if it has not yet operated, you receive the price it is at after moving down.
1846, 2038 For the President, as soon as you like. For other shareholders, after it has operated.
1854 As soon as the Director's certificate has been bought (but not in the first SR).
1856 As soon as you like; but you may not sell a share in the same share turn in which you bought it, though you may sell other identical ones. (The rules say 'certificate', but author Bill Dixon explains that 'share' is meant.)
1860, 18GB As soon as you like, but shares in companies with no trains are sold at half the current market price.
1862EA, 1862EA v2 In any stock round, but you may only sell shares you owned prior to that round.
1873 From the second stock round onwards, but if it has not yet operated, you receive the next lower share price (despite not actually lowering the share price in that situation).
18EZ Level 1 Not Applicable (no share dealing).
18IN After the start of phase 4. Before this, may only own privates and minor companies, neither of which can be sold.
18Ireland From the second regular stock round onwards. Note that the initial stock round is followed by the first regular stock round.
18NK From the third stock round onwards (or second if playing with the Early Sell variant), and also after it has operated.
18NY After it has operated; except that you may sell NYC shares may be sold the stock round after it is formed even if it has not operated.
18OE After Train Phase 1. Shares of regional companies may never be sold.
18West After it has operated, but the UP is considered to have operated prior to the start of the game and may be sold in the first stock round.

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Mail me © Keith Thomasson November 15th 2020