Kuwait Court of Cassation principle number 4639
State of Kuwait · Civil Matters — Volume 11 · Ministry of Justice — Court of Cassation — Technical Office
English translation of the principle
Transfer of ownership of company shares. Its condition. Their registration in the shareholders' register and with the company by the competent employee in the presence of the transferor and transferee. The reason therefor. Protecting the company and third parties from multiple dispositions that the owner of registered shares may make in favour of more than one transferee, leading to competing claims to their ownership. Deposit of money and deposit of valuables:
Arabic original
انتقالملكيةأسهمالشركات.شرطه.قيدهافيسجلالمساهمينولدىالشركةبمعرفةالموظفالمختص في حضور المتصرف والمتصرف إليه. علة ذلك. حماية الشركة والغير من تعدد التصرفات التي قد تصدر من مالك الأسهم الاسمية لأكثر من متصرف إليه مما يؤدي إلى تزاحمهم في ملكيتها. وديعة النقود ووديعة الأشياء الثمينة:Original Arabic judgment citations
(الطعن ٩٨٨/٢٠٠٤ تجاري جلسة ٢٥/٥/٢٠٠٥ مج القسم الخامس - المجلد الحادي عشر ص ٢٥٥)
Source: Court of Cassation legal principles collection — Civil Matters — Volume 11 — Ministry of Justice — Court of Cassation — Technical Office. PDF pages: 916.
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