SECTION TWO TRANSFER OF SHARES
Article 143 A shareholder may transfer his (her) shares according
to
law.
Article 144 The transfer of shares shall be conducted in
legally
established stock exchanges.
Article 145 Registered share certificates shall be transferred by
way
of endorsement or other forms provided for by law
and administrative decrees.
After the registered share certificates are
transferred, the company shall record the names or both the names and
addresses of the transferees in the list of shareholders.
No changes in the registration of shareholders shall
be made pursuant to previous paragraph 30 days before the
convening of the meeting of shareholders or five days before the
record date for the issue of dividends.
Article 146 The transfer of bearer shares shall come into effect
upon
the delivery of the share certificates by shareholders
to the transferre(s) at the stock exchanges.
Article 147 The promoters' shares may not be transferred
within three years starting from the date of establishment
of the
company.
Directors, supervisors and managers of the company shall
declare to the company the quantity of shares they hold and
the shares concerned may not be transferred during the
terms of their
offices.
Article 148 State authorized investment institutions may transfer
the
shares they hold according to law and may also purchase shares
held by other shareholders. The approval limits and
management regulatory regions for such transfers shall be
provided for separately by law or administrative decrees.
Article 149 A joint stock company limited may not buy shares
issued
by itself, except in order to decrease its capital by
cancelling its shares or when it merges with other companies that hold
its shares.
After purchasing shares issued by itself according
to the provisions of the preceding paragraph, a company shall
cancel that portion of its shares, change its registration and make
a notice to the public according to law and administrative decrees
within ten
days.
A company may not accept its own share
certificates as collateral.
Article 150 In cases of shares being stolen, lost of destroyed,
the
shareholder concerned may request the people's court to
declare the shares invalid pursuant to procedures for public
invitation to assert claims contained in the Code of Civil
Procedures.
After the people's court declares the shares invalid according
to the prescribed procedure, the shareholder concerned may apply
for re-issue of the share certificates with the company.
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