A transfer of shares by a shareholder does NOT require the approval of either the corporation or other shareholders.

Name: A transfer of shares by a shareholder does NOT require the approval of either the corporation or other shareholders.
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Question

Quizplus · Accepted Answer

A transfer of shares by a shareholder does not require the approval of either the corporation or other shareholders because the shares are freely transferable unless the articles of incorporation or a shareholders' agreement provide otherwise.

A Transfer of Shares by a Shareholder Does NOT Require