Article 509 — Transfer of Shares Outside the Company

1/ Notwithstanding the provisions of Sub-Article (4) of Article 508 of this Code, a transfer of shares outside the company shall be approved by members representing at least three-quarters of the capital, unless a larger majority or unanimity is fixed in the memorandum of association. 2/ The provisions of Sub-Article (1) of this Article shall apply even where the company is in liquidation.