Section 258:
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
258. Deed administrator may sell shares
(1) A deed administrator may sell existing shares in the company—
(a) with the consent of the shareholder in question; or
(b) where the shareholder does not consent, with the permission of
the Court given on an application of the deed administrator.
(2) The shareholder concerned, a creditor or the Registrar of Companies
may oppose an application by the deed administrator for the Court’s permission.
[S. 258 amended by s. 14 (a) of Act 27 of 2012 w.e.f. 22 December 2012.]
Section G – Deed of company arrangement