KAKOZA v NYAGATARE
Registration in the company’s share register, not full payment for shares, determines shareholder status. There is no legal basis for a shareholder to unilaterally expel another shareholder; such action must follow procedures set by law or company articles. Kakoza’s expulsion of Nyagatare was unlawful, and Nyagatare retains his shareholder rights.
Source excerpt
- Shareholder rights
- Company membership
- Expulsion of shareholders
- Payment for shares
- Corporate governance