Section 49: Transferability of shares
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
49. Transferability of shares
(1) Subject to any limitation or restriction on the transfer of shares in the
constitution, a share in a company shall be transferable.
(2) A share shall be transferred by entry in the share register in accordance with section 88.
(3) Subject to section 87, the heir of a deceased member or the Curator
may transfer a share even though the heir or Curator is not a shareholder at
the time of transfer.
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Questions this section answers
- Can my company's constitution restrict the transfer of its shares?
- Can the heir of a deceased shareholder transfer that person's shares?