What is FREE TRANSFERABILITY OF INTEREST?

One party selling or giving its ownership to another party. No permission is needed is this is a fractional ownership. For example, a part-owner of company sell his/her portion to another entity, with no approval needed from the other owners.

More On This Topic



Link to This Definition
Did you find this definition of FREE TRANSFERABILITY OF INTEREST helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary