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2.6 - What are the player certificate limits for shares in one company?

1761, 1826, 1827 Jr., 1830Lummerland, 1830NL, 1834, 1837SX, 1846, 1849, 1851, 1857, 1859, 1861, 1867, 1868, 1876 v2, 1876-30, 1876-35, 1879, 1881, 1883, 1889, 1893, 1899, 18AL, 18Chesapeake, 18CLE, 18EC, 18EZ Levels 2 and 3, 18FL, 18GA, 18GA v2, 18GL, 18IN, 18JP-T, 18Kaas, 18Mex, 18NL, 18NW, 18NYC, 18SA, 18Scan, 18SY-G, 18TN, 18VA, 2038, Steam Over Holland 60%.
1800, 18MS 70%.
1812, 1822, 1822CA Normally 60%. This can be exceeded, up to 100%, due to Minor Companies taken over by Public Companies.
1817, 18USA 100% for 2-share companies, 60% for 5-share and 10-share companies.
1824 Normally 60%. This can be exceeded, up to 100%, due to exchanges with Mountain Railways or Coal Railways.
1824 v2 Normally 60%. This can be exceeded, up to 100%, due to exchanges with Mountain Railways or Coal Railways. For the Cisleithania 2-player variant, shares bought from the bank pool may exceed the 60% limit.
1825, 1829, 1829 Mainline, 1830 Cardgame, 1830BC, 1835, 1838 Rheinland, 1847, 1847AE, 1860, 1862EA, 1862EA v2, 1869 USA West, 1873, 1880, 1895, 18Africa, 18C2C, 18Rhl Rhineland, 18Ruhr, 18SS, 18SY-O, Poseidon, Railroad Barons, Rolling Stock None.
1830 5 certificates. Shares in the orange and brown zones do not count towards this. Note that if you play the Reading variant you may hold 70% of the Reading.
1831 None, unless Government intervention is in play, then 70%.
1832, 1850, 1870, 18??, 18GM, 18MW 60%; may be exceeded by 'price protection'. Shares in orange and brown zones do not count towards this.
1837, 18EU 60%. This may be exceeded by minor company exchange but the excess must then be sold at the next opportunity.
1841, 1898 60%. This applies to the total number of shares under each player's control. It may be exceeded by transfers of control but the excess must then be sold at the next opportunity.
1842 60%. Shares in the marked zone of the stock market do not count towards this.
1844 None. But once the player has more than 50% of a company, he may not buy its shares from the initial offering.
1848 In a 3-player game, 70%. In a 4-, 5- or 6-player game, 60%.
1853, 1853 v2 3 or 4 players, 60%; 5 players, 50%; 6 players, 40%. Shares worth 40 or less do not count towards this.
1854 5 certificates.
1856, 1891 60%. Shares in the brown zone do not count towards this.
1858 Normally 60%, but can be exceeded in the Final Exchange Round, with no requirement to sell back down.
1862 70% if there are 3 or 4 solvent players, and 60% if there are 5 or more solvent players. Thus if a company redeems half its shares one player may be able to own all that is left of it.
1865 Sardinia Players, 60%, Dragons (foreign investors) 50%.
1869 The Golden Spike 60%, including the option of one share purchased on a 50% margin. Additional growth shares may be purchased from the bank pool, but dividends go to the company treasury rather than the owning player.
1876-30 v2, 1876-35 v2 60% but 70% for the 2 player variant.
18Ardennes 60% when bought from the initial offering. This can rise to 100% for purchases from the bank pool and Minor Company exchanges.
18BL 60%, or 70% if a payer already owns 60% and buys a further share from the initial offering.
18CZ Standard game: 60% of a medium or large company, 75% of a small company. Bohemia and Moravia-Silesia Variants: 70% of a large company.
18Dixie 60% excluding preferred shares. It is possible to hold up to 80% of some companies (90% of the L&N) by owning all preferred shares in addition to the regular allowance.
18EZ Level 1 Not Applicable (no share dealing).
18GB 60% when bought from the initial offering. Purchases from the bank pool or for shares in the orange zone do not count towards this. When ten-share companies are formed, five shares will be in the bank pool and so will not count towards this limit.
18Ireland 60% for 5-share companies, 70% for 10-share companies.
18Lilliput 80%, which is all the shares available an any company.
18Neb 60%. As an optional rule in the two-player game only, players may allow up to 70% ownership in each ten-share company.
18NK 60%; may be exceeded by 'price protection'.
18NY 60%. This may be exceeded when buying shares from the bank pool.
18OE None, but for major and national companies, a player who owns 60% may only gain more by merging a minor or buying from the bank pool at twice the current share value.
18PA 60%, raised by one certificate for each local company acquired by a public company. It is possible for this variable limit to be exceeded during the conversion and acquisition steps of an OR. If this happens the player must sell certificates at the start of the next SR to comply with the current limit.
18US For 4-share and 5-share companies, up to 3 shares, for 10-share companies, up to 5 shares, for systems, all 10 shares.
18West 60%; may be exceeded by 'acquisition'.
Crisis 50% for type I companies, 60% for type II companies. Shares in the blue and grey zones do not count towards this.

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