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This excerpt taken from the FWRD 8-K filed Jul 6, 2009. Transfer
of Shares. Upon compliance with provisions restricting the
transferability of shares, if any, transfers of shares of the Corporation shall
be made only on the share record of the Corporation by the registered holder
thereof, or by such holder’s attorney thereunto authorized by power of attorney
duly executed and filed with the Secretary of the Corporation or with a transfer
agent or a registrar, if any, and upon the surrender of the certificate or
certificates for such shares properly endorsed and the payment of all taxes due
thereon. A certificate representing shares shall not be issued until
the full amount of consideration therefor has been paid, except as the Business
Corporation Act may otherwise permit. Upon the receipt of proper
transfer instructions from the registered owner of un-certificated shares, such
un-certificated shares shall be cancelled, issuance of new equivalent
un-certificated shares or certificated shares shall be made to the shareholder
entitled thereto and the transaction shall be recorded upon the books of the
Corporation.
Section
4.3 |
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