Stock transfer restrictions are void.

Question

Quizplus · Accepted Answer

Stock transfer restrictions can be legal and enforceable, depending on the circumstances and the applicable laws and regulations. For example, a company may impose transfer restrictions on its shares to protect its interests, such as preventing hostile takeovers, maintaining ownership concentration, or complying with securities laws. However, transfer restrictions may also be subject to limitations, such as anti-discrimination laws, fiduciary duties, or contractual agreements. Therefore, it is important to consult legal and financial advisors before imposing or challenging transfer restrictions.

Stock Transfer Restrictions Are Void