A person must have actual knowledge of a restriction for it to be enforceable against them. As such, the court deemed that this must be conspicuously \u201cnoted,\u201d (set forth or referred to) on the share certificate.<\/p>\n

Repurchasing corporate shares<\/u><\/h4>\n

A corporation or its shareholders may enforce an agreement made by the former to repurchase its own shares. This, however, is subject to modification in the bylaws.<\/p>\n

Shareholder purchase<\/u><\/h4>\n

The court ruled that an agreement made by one shareholder to purchase the shares of another should be enforced as an ordinary contract.<\/p>\n

[author_and_contact_info]<\/p>\n","protected":false},"excerpt":{"rendered":"

Unreasonable restraint on the alienation of shares New York law does not allow restraints on the alienation of shares to be unreasonable. Alienation of shares refers to an agreement made by a shareholder to not sell, transfer, pledge encumber or otherwise dispose of any company shares or those of a subsidiary under their ownership between…<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[161],"tags":[],"class_list":["post-82334","post","type-post","status-publish","format-standard","hentry","category-corporate-and-commercial-law-en"],"acf":[],"yoast_head":"\n