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 transfer of shares is a private transaction between the transferor and the transferee.

A Transfer of Shares by a Shareholder Does Not Require