Article 285 — Condition of Transfer of an Instrument Share

1/ Without prejudice to a contrary stipulation by other laws, a share issued in a specified name shall belong to the person in whose name the share is registered in the register of shareholders kept at the head office of the company. 2/ Without prejudice to a contrary stipulation by other laws, the transfer of a share issued in a specified name shall be effected by delivery and registration of the share in the name of the transferee in the register of shareholders. The registration shall show the names of the transferor and of the transferee, their addresses, number of shares transferred, date of transfer and the date of entry of the transfer in the company`s register of shareholders.