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The meaning of the entry in the book of shares

Effective transfer of registered shares requires both a written statement on the transfer of shares - on the share document itself or on a separate document, as well as the transfer of ownership of the share document. On the other hand, entry into the share book, in order to exercise the rights from registered shares, in accordance with the Supreme Court judgment dated September 13, 2017 (with file reference No. IV CSK 576/16), has only evidence meaning.

Such an entry is by no means a condition of the effectiveness of the purchase of shares with respect to third parties, and is connected only with a removable legal presumption that the person is actually registered as a shareholder.

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