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Home > Law > Could the company’s constitution prohibit the transfer of any of the company’s shares

Could the company’s constitution prohibit the transfer of any of the company’s shares

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Bearbear | 08:59 Sun 17th Jan 2010 | Law
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Avatar Image sara3
does anyone have anything constructive to offer here?

no? okay :o)
09:50 Sun 17th Jan 2010
Avatar Image fredpuli47
Only if its legal so to do.
09:51 Sun 17th Jan 2010
Avatar Image joggerjayne
No, because a person cannot be forced to hold shares in a Company ... so they cannot be prohibited from transterring them.

Articles of Association frequently place restrictions on the way in which shares can be transferred ... the most common being that any Member wishing to transfer his/her shares must offer them pro rata to the other existing shareholders.
10:01 Sun 17th Jan 2010

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Could the company’s constitution prohibit the transfer of any of the company’s shares

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