Close Corporations Act, 1984 (Act No. 69 of 1984)

Part IV : Membership

30. Nature of member's interest
Purchase cart Previous page Return to chapter overview Next page

 

(1)The interest of any member in a corporation shall be a single interest expressed as a percentage and shall be movable property which shall be transferable in the manner provided by this Act.

 

(2)Two or more persons shall not be joint holders of the same member's interest in a corporation.