§ 79-10-35. Share transfer restriction

MS Code § 79-10-35 (2019) (N/A)
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(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.