The shares or other interests of a member in a company are personal property transferable in the manner provided in articles of association of the company.
Companies and Allied Matters Act 2020 · Part B · Chapter 8
Section 139Shares as transferable property
Cite as: Companies and Allied Matters Act 2020, section 139
What this section means
From the guide: Issuing and allotting shares under CAMA 2020: pre-emption, premium and discount
- Shares are personal property, transferable as the articles provide (section 139).
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Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.