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Under Section 44, shares (or debentures) of a member in a company are:
AMovable property, transferable in the manner provided by the articles
BNon-transferable
CImmovable property
DPersonal property of the company
Answer & Solution
Correct answer: A. Movable property, transferable in the manner provided by the articles
Section 44 declares shares/debentures to be movable property transferable in the manner provided by the company's articles.
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