Can the issuer of the shares prohibit them from being sold?
A company cannot legally prohibit you from transferring your shares unless you have signed an agreement permitting them to do so. Most such agreements do not act as a bar on the sale of shares but rather just permit the company and other shareholders to buy any shares you propose to sell or participate in any sale alongside you. Though you are solely responsible for fulfillment of any of your contractual obligations, the SharesPost contracts are designed to work smoothly with such restrictions. Go to our Referrals page to find an attorney or other expert.
Related Questions
- During 2010, I sold fund shares inherited from my parents. Will cost basis and gain/loss information from this sale be shown on my 2010 Average Cost Accounting Statement?
- What are the taxation implications if my nib shares are sold in the unmarketable parcel sale facility?
- How will the price be determined for nib shares sold through the unmarketable parcel sale facility?
