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Ashorn Ashorn
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6 years ago
Restrictions on share transfers are common and can take almost any form. Such restrictions must be set out in the corporation’s constitution and must be noted on the share certificate, otherwise
a. the shares are not transferable.
b. the shares have no value.
c. the restrictions are not binding on a purchaser who has no notice of them.
d. a preemptive right is created.
e. any transfer will be ultra vires.
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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Existence87Existence87
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6 years ago
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Ashorn Author
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6 years ago
Thanks!
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