(1) The shares or other interest of any member in a company are transferable in accordance with the company's articles.
(2) This is subject to -
(a) the Stock Transfer Act 1963 (c. 18) or the Stock Transfer Act (Northern Ireland) 1963 (c. 24 (N.I.)) (which enables securities of certain descriptions to be transferred by a simplified process), and
(b) regulations under Chapter 2 of Part 21 of this Act (which enable title to securities to be evidenced and transferred without a written instrument).
(3) See Part 21 of this Act generally as regards share transfers.