(1) The effect of transfer of shares shall not be asserted against the company, unless the name and address of the transferee have been entered in the register of shareholders. <Amended by Act No. 12591, May 20, 2014>
(2) A company may designate a transfer agent in accordance with the articles of incorporation. In such cases, if the transfer agent has entered the name and address of the transferee in part of a set of the register of shareholders, the entry of changes in holders under paragraph (1) shall be deemed duly effected. <Newly Inserted by Act No. 3724, Apr. 10, 1984>