1. Title to shares shall be transferred by recording the transfer with the Share Register Secretariat. Such transfer shall be invoked vis-à-vis the Company or third parties only of the date of such registration with the Share Register Secretariat. 2. A private joint stock Company may not register any transfer of its shares other than with the Share Register Secretariat. 3. The Share Register Secretariat may decline to register a transfer of shares in any of the circumstances provided under Article [214.2] of this Decree Law.
Interpretation and application must be checked against the official text and current version.