Regulation of the procedure of alienation of a share in the authorized capital under the contract of sale in limited liability companies

Abstract

The article has analyzed conditions of alienation of a share in the authorized capital of an LLC under the contract of sale. It has examined basic rights and obligations of a member of a company who is alienating a share in the authorized capital of the company. It has defined a number of restrictions on the movement of a share in the authorized capital provided by the legislation for third persons. It has characterized practical aspects with regard to determining the moment of transition of corporate rights from a company’s member to a purchaser of a share in the authorized capital under the contract of sale.