What are voluntary share transfers?

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A voluntary share transfer in a North Carolina corporation refers to the transfer of shares of stock from one shareholder to another, without any legal requirement or obligation to do so.

Voluntary share transfers can occur for a variety of reasons, such as when a shareholder wants to sell their shares to another investor, or when a shareholder wants to gift their shares to a family member or friend. In most cases, voluntary share transfers require the consent of both the selling shareholder and the buying shareholder, as well as compliance with any transfer restrictions or requirements set forth in the corporation’s bylaws or shareholder agreement.

In a North Carolina corporation, voluntary share transfers are generally subject to state and federal securities laws, as well as any specific rules or regulations set forth by the corporation’s governing documents. It’s important for shareholders to carefully consider the implications of any voluntary share transfer and to consult with an attorney or financial advisor before proceeding with the transfer.

Will Blackton is a business lawyer based in Raleigh, North Carolina. You can reach Will at wblackton@bobllaw.com or (919) 636-5979.

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