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What is Transfer of Shares in Corporation Law about?

The Supreme Court upheld the decision of the Court of Appeals setting aside the SEC decision in favor of the petitioner. The key points are: 1) Pursuant to the Corporation Code, a transfer of shares not recorded in the stock transfer book of the corporation is non-existent as far as the corporation is concerned. 2) A corporate secretary cannot be compelled to issue stock certificates without registration of the transfer. 3) In this case, the petitioner failed to record the earlier transfer of shares, s

Author

vince005

Language

EN