Article 288 — Condition of Transfer of Incorporeal Share

1/ Transfer of an incorporeal share shall be effected by indicating the name of a transferee and the amount of shares through crediting the account in the share account maintained by an institution authorised by law. 2/ The procedure or formalities to be observed for the transfer of an incorporeal share shall be determined by the institution that has created such share. 3/ The institution shall be answerable where it effects a transfer of an incorporeal share without contractual or legal basis.