Restriction on Transfer and Ownership of Shares Clause Samples
The 'Restriction on Transfer and Ownership of Shares' clause limits or regulates how shares in a company can be sold, transferred, or otherwise disposed of by shareholders. Typically, this clause may require shareholders to obtain approval from the board or other shareholders before transferring their shares, or it may grant existing shareholders a right of first refusal to purchase shares before they are offered to outsiders. Its core function is to maintain control over the company's ownership structure, prevent unwanted third parties from acquiring shares, and protect the interests of existing shareholders.
POPULAR SAMPLE Copied 1 times
Restriction on Transfer and Ownership of Shares. 12 Section 1. Definitions..............................................................................12 Section 2.
Restriction on Transfer and Ownership of Shares. 35 Section 10.1 Resignation of a Member 35 Section 10.2 Assignment 35 Section 10.3 Substitution 36 Section 10.4 Status of an Assigning Member 37 Section 10.5 Further Restrictions on Transfers 37 Section 10.6 Elimination or Modification of Restrictions 37 Section 10.7 Records 37 Section 10.8 Authorization to Redeem KKR Shares 37 Section 10.9 Mandatory Repurchases 37 Section 10.10 Tender Offers 39
Restriction on Transfer and Ownership of Shares. Section 6.1 Shares.
Restriction on Transfer and Ownership of Shares