Share Transfer Procedures in Georgian Law
The procedure for transferring registered and dematerialized securities in Georgia is regulated by the Georgian Law on the Securities Market. It is this corpus that fixes the moment at which ownership passes, determines the form fork — registry or central depository — and shapes the registrar's duties on which the recording of a transfer is executed. It should be noted that the transfer of partnership interests in a limited liability company — pre-emptive rights and registration formalities — is governed by the current Law on Entrepreneurs, so this page is focused on transfers in securities form and states this boundary openly.