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Mayson, French & Ryan on Company Law

Mayson, French & Ryan on Company Law (37th edn)

Derek French
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date: 03 February 2023

p. 2078. Share transferlocked

p. 2078. Share transferlocked

  • Derek French

Abstract

This chapter discusses an essential feature of registered companies: that their shares are transferable. The discussion covers some of the procedures to be followed when transferring some or all of a company member’s shares to another person, for sales on and off the London Stock Exchange, transfers of all or a part of a member’s holding and transfers of certificated and uncertificated shares. After describing share certificates and uncertificated shares, the chapter considers the problem of who should bear the loss when a transfer of shares is forged or fraudulent. It also explores transmission of shares on death or bankruptcy.

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