Bertram,Claudia,and Dynah form Eat Local,Inc. ,a closely held corporation,and agree to restrict the transfer of its stock to anyone else.A reasonable purpose for a stock transfer restriction in a closely held corporation,like the agreement between Bertram,Claudia,and Dynah,is

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A stock transfer restriction in a closely held corporation is often designed to limit the participation of outsiders in the firm. This is because closely held corporations typically have a small group of shareholders who want to maintain control over the company and keep it within the family or a trusted circle of associates. By restricting the transfer of stock, the shareholders can prevent outside parties from gaining too much influence or control over the company.

Bertram,Claudia,and Dynah Form Eat Local,Inc