Share transfer restriction

1. Law
2. Mississippi Code
3. Corporations, Associations, and Partnerships
4. Mississippi Professional Corporation Act
5. Shares
6. Share transfer restriction

1. A shareholder of a professional corporation may transfer shares, fractional shares and rights or options to purchase shares of the corporation only to qualified persons. A shareholder of a professional corporation may pledge shares to a qualified person or to a disqualified person.
2. A transfer of shares made in violation of subsection (1), except one made by operation of law or court judgment, is void.

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