---
title: "Share Transfer Procedures"
url: "https://legal.ge/en/service/corporate-and-commercial-law-en/share-transfer-procedures-en"
field: "Corporate & Commercial Law"
description: "Share transfer procedures in Georgia: the moment ownership passes, registry and central depository, registrar's duties. Legal.ge."
reviewed: "2026-07-09"
updated: "2026-10-15"
publisher: "legal.ge"
---

# Share Transfer Procedures

> Source: legal.ge, https://legal.ge/en/service/corporate-and-commercial-law-en/share-transfer-procedures-en

## 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.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/corporate-and-commercial-law-en/share-transfer-procedures-en

### When does ownership of shares pass?

From the moment of registration in the registry, and for securities held with a nominal holder — from the moment of recording in the holder's records.

### Which forms exist?

Registered form via the registry, dematerialized form in the central depository, and another form defined by law; a public security is only dematerialized.

### How many registrars may an issuer have?

Only one; upon changing the registrar, the new contract enters into force no later than the day of termination of the previous one.

### What does a holder receive from the registrar?

An extract for a specific date and information on the circulation effected on the account.