Section 44 · Chapter IV, Share Capital and Debentures
Nature of shares or debentures
📚 Law Minded summary
Shares and debentures are movable property. You can sell or transfer them the way the company's articles allow, and they pass like any other asset a person owns.
It sounds obvious, but it is the legal foundation for every share transfer, inheritance and pledge.
Section 44. Nature of shares or debentures
The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company.