Do shareholders need to approve a stock transfer between company directors?
To get an answer to your specific situation, speak to an attorney in your state to review the different classes of stock, voting rights and corporate bylaws, all of which will have a bearing on the answer.
Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.