Condition of Approval as a Contractual Restriction on the Trading of  Shares in a Joint Stock Company

Naceur Moussa , Azizi Zahia

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Published: Dec 31, 2024

Keywords:

Joint-Stock Company, Contractual Restrictions, Approval Condition.

Naceur Moussa , Azizi Zahia

Abstract

Among the contractual restrictions on the trading of shares in a company’s articles of association, the approval condition occupies an important place. Under this condition, the company can require that shares may not be traded without its approval - through the consent of the relevant authority. These conditions have found application in certain types of public limited companies, such as family businesses.

Issue

Vol. 61 No. 12 (2024): Vol 61 No 12 (2024)

Section

Articles

This work is licensed under a Creative Commons Attribution 4.0 International License.

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