79-10-35 - Share transfer restriction. - Mississippi Statutes

§ 79-10-35. Share transfer restriction.
 

(1)  A shareholder of a professional corporation may transfer shares, fractional shares and rights or options to purchase shares of the corporation only to qualified persons. A shareholder of a professional corporation may pledge shares to a qualified person or to a disqualified person. 

(2)  A transfer of shares made in violation of subsection (1), except one made by operation of law or court judgment, is void. 
 

Sources: Laws,  1995, ch. 494, § 12, eff from and after July 1, 1995.