What legal mechanism is required for a restriction on share transfer in a close corporation to avoid being considered overly burdensome?

Legal Answers /

What legal mechanism is required for a restriction on share transfer in a close corporation to avoid being considered overly burdensome? The restrictions imposed on share transfer in a close corporation shall not be more onerous than granting the existing stockholders or the corporation the option to purchase the shares of the transferring stockholder (SEC.

What legal mechanism is required for a restriction on share transfer in a close corporation to avoid being considered overly burdensome? Read More »