Restrictions on share transfers are common and can take almost any form.Such restrictions must be set out in the corporation's constitution and must be noted on the share certificate,otherwise

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Restrictions on share transfers must be clearly communicated to be enforceable. If they are not noted on the share certificate or mentioned in the corporation's constitution, a purchaser who is unaware of these restrictions cannot be bound by them. This means the restrictions won't apply to someone who buys the shares without knowledge of the limitations.

Restrictions on Share Transfers Are Common and Can Take Almost