{"id":7242,"date":"2026-04-20T08:50:30","date_gmt":"2026-04-20T06:50:30","guid":{"rendered":"https:\/\/notariaviaaugusta4.com\/?p=7242"},"modified":"2026-04-24T10:15:56","modified_gmt":"2026-04-24T08:15:56","slug":"the-transfer-of-shares","status":"publish","type":"post","link":"https:\/\/notariaviaaugusta4.com\/en\/la-transmision-de-participaciones-sociales\/","title":{"rendered":"The transfer of company shares"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"7242\" class=\"elementor elementor-7242\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a5520fd e-flex e-con-boxed e-con e-parent\" data-id=\"a5520fd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1d2e0b6 elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"1d2e0b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Public deed as collateral. Notary V\u00eda Augusta 4<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da29249 elementor-widget elementor-widget-heading\" data-id=\"da29249\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Introduction:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1766783 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"1766783\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba91e67 elementor-widget elementor-widget-text-editor\" data-id=\"ba91e67\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The sale and purchase of company shares in a Limited Liability Company (S.L.) is much more than a simple economic transaction. It is a legal act of enormous significance that can alter the balance of power between the partners, define the future of the company and, if it is not carried out with the proper guarantees, become a source of countless problems.<\/p><p>Currently, our preventive legal security system offers a solid umbrella of protection through its formalization by means of a public deed before a Notary. However, a recent Preliminary Draft Law Against Fraud proposes replacing this model with a system of constitutive registration in the Commercial Registry, based on private documents with electronic signatures. This change, far from being a modernization, represents a leap into the void that puts the security of our current system at risk.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-158815e e-flex e-con-boxed e-con e-parent\" data-id=\"158815e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e55a622 elementor-widget elementor-widget-heading\" data-id=\"e55a622\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The public deed is not a formality, but an investment in security.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dddda36 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"dddda36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-244a195 elementor-widget elementor-widget-text-editor\" data-id=\"244a195\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When the transfer of company shares is formalized in a public deed, the Notary, as an independent public official, carries out a series of controls that are the basis of preventive legal security in our country. These guarantees are not mere formalities, but pillars that protect the partners, the company, and society as a whole:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6fb61c5 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"6fb61c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Reliable identification and assessment of legal capacity: <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d9c30a elementor-widget elementor-widget-text-editor\" data-id=\"8d9c30a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Notary not only identifies the parties, but also assesses their legal capacity for the act, preventing identity fraud and ensuring that the signatories fully understand its scope and consequences.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-140e2da elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"140e2da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Legality control and impartial advice: <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8916534 elementor-widget elementor-widget-text-editor\" data-id=\"8916534\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Notary ensures that the transaction complies with the law and the company's bylaws, protecting the rights of all partners (including those who do not take part in the sale). In addition, the Notary provides impartial and free advice, explaining the consequences of the act to all parties.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-631b1fe elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"631b1fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Control of means of payment: <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02a3951 elementor-widget elementor-widget-text-editor\" data-id=\"02a3951\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The origin and destination of the money are verified, leaving a clear trace of the transaction, a crucial element in the fight against money laundering.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10e80a5 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"10e80a5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Traceability and certain date:<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1df2f86 elementor-widget elementor-widget-text-editor\" data-id=\"1df2f86\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The public deed is a document with an unquestionable date and is archived in the notarial records, guaranteeing its preservation and traceability indefinitely, safe from loss, manipulation, or destruction.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b8e24c6 e-flex e-con-boxed e-con e-parent\" data-id=\"b8e24c6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-56a33d7 elementor-widget elementor-widget-heading\" data-id=\"56a33d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The proposed reform: a leap into the void for legal certainty.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4d0cb2 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"a4d0cb2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c60267 elementor-widget elementor-widget-text-editor\" data-id=\"2c60267\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"translation-block\">The Preliminary Draft proposes that the transfer be valid not because of the agreement formalized before a Notary, but because of its <strong>registration in the Commercial Registry<\/strong>, which would be carried out by means of a mere <strong>private document with electronic signatures<\/strong>. This proposal, under an appearance of efficiency, hides profound risks:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-929e652 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"929e652\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">1. The danger of opacity: a blow to the fight against money laundering and the financing of terrorism.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e63bd3 elementor-widget elementor-widget-text-editor\" data-id=\"3e63bd3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The fight against money laundering and the financing of terrorism is a priority for Spain and the European Union.<\/p><p>Notarial intervention is a fundamental filter in this fight. The Notary has the obligation to identify the beneficial owner and report any suspicious transaction. With a private document, this control disappears. The door is opened for front men and criminal structures to operate with opacity, without leaving a reliable trace. We must not forget the Polish precedent: a similar system caused serious \u201ccontamination\u201d of the business fabric by mafias, forcing the country to reverse the reform and return to the security of the public deed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6387f31 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"6387f31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">2. Higher costs and less efficiency for citizens and businesses.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-405b0b5 elementor-widget elementor-widget-text-editor\" data-id=\"405b0b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The supposed simplification is, in reality, an increase in costs and a brake on the economy:<\/p><ul><li class=\"translation-block\"><strong>False savings:<\/strong> The citizen will lose the impartial and free advice of the Notary, being forced to hire lawyers or external advisors. To that cost, the registry fee must be added. The result is a more expensive process that economically benefits a very limited group.<\/li><li class=\"translation-block\"><strong>Blockage of legal transactions:<\/strong> The notarial system allows extraordinary efficiency. In the same morning, several linked transactions can be signed (a sale of shares, a declaration of sole ownership, and the appointment of a director, for example), with immediate effects. The registry inscription system, by its nature, can delay each step for weeks, paralyzing decision-making and slowing economic activity.<\/li><li class=\"translation-block\"><strong>Loss of freedom:<\/strong> The citizen may freely choose among more than 3,000 Notaries throughout Spain. However, the Registrar operates within a specific district, so the citizen is required to go to the one assigned by territorial jurisdiction, with no possibility of choice.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c65029 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"7c65029\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">3. A conflict with Data Protection (GDPR)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01aee2a elementor-widget elementor-widget-text-editor\" data-id=\"01aee2a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The reform also suggests the possibility of registering ownership of the shares in the Commercial Registry. This would turn a register of corporate acts into a register of assets, similar to the Property Registry.<\/p><p>The problem is that the Commercial Registry is, by definition, public. Allowing indiscriminate access to information about who owns what percentage of an S.L. could seriously violate the partners\u2019 right to data protection, exposing sensitive financial information.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c007c9c elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"c007c9c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">4. A legally questionable and isolated model in Europe.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5a76d1 elementor-widget elementor-widget-text-editor\" data-id=\"b5a76d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>From a legal point of view, the proposal is an anachronism. Subjecting a fundamental right such as property and its transfer to an \u201cadministrative authorization\u201d such as constitutive registration is a totalitarian-style measure, hardly compatible with our Constitution.<\/p><p class=\"translation-block\">Moreover, this model distances us from Europe. In countries around us such as France, Germany or the United Kingdom, commercial registries are largely <strong>ownership registers<\/strong>, but they do not hold the power of qualification over private documents that is intended to be implemented.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-02e35e3 e-flex e-con-boxed e-con e-parent\" data-id=\"02e35e3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f6b6fdb elementor-widget elementor-widget-heading\" data-id=\"f6b6fdb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The paradox of Public Faith<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-feafd61 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"feafd61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0327b21 elementor-widget elementor-widget-text-editor\" data-id=\"0327b21\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The most paradoxical aspect is that the reform, driven from the registry sphere, would undermine the very credibility of the Commercial Registry. \u201cRegistry public faith\u201d is based on the fact that the registrar qualifies documents that already enjoy a presumption of legality and truthfulness: notarial public documents.<\/p><p>If the Registry begins to register private documents whose authenticity, the capacity of the signatories, and legality have not been verified at the outset by a public official, the presumption of accuracy of the Registry vanishes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3baf47c e-flex e-con-boxed e-con e-parent\" data-id=\"3baf47c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-17acca2 elementor-widget elementor-widget-heading\" data-id=\"17acca2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion: modernizing means strengthening, not leaving unprotected.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4e5160 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"e4e5160\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3efc170 elementor-widget elementor-widget-text-editor\" data-id=\"3efc170\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The digitalization of legal transactions is necessary and welcome, but it cannot be carried out at the expense of security and transparency. The proposal to allow the transfer of company shares through a private document is a clear example of how a misunderstood modernization can dismantle a system that works and that protects entrepreneurs, creditors, the Public Treasury, and society as a whole.<\/p><p class=\"translation-block\">The solution is not to weaken the system, but to strengthen it. Perhaps, as some legal scholars propose, it would be more appropriate to add to <a href=\"https:\/\/boe.es\/buscar\/act.php?id=BOE-A-2010-10544#a106\" target=\"_blank\" rel=\"noopener\"><strong>Article 106 of the Revised Text of the Capital Companies Act<\/strong><\/a> that the transfer must be stated <em>\u201cfor its validity\u201d<\/em> in a public document, thus consolidating the deed as an essential requirement (<em>ad solemnitatem<\/em>).<\/p><p>Notarial intervention is not a cost, but an investment in certainty, legality, and security for the partners, for the company, and for the economy as a whole.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-43965a0 e-flex e-con-boxed e-con e-parent\" data-id=\"43965a0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e02a4a1 elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile e-flex e-con-boxed e-con e-parent\" data-id=\"e02a4a1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-78cde23 elementor-widget elementor-widget-text-editor\" data-id=\"78cde23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-7253\" src=\"https:\/\/notariaviaaugusta4.com\/wp-content\/uploads\/2026\/04\/La-transmision-de-participaciones-sociales.-Notaria-Via-Augusta-4-300x300.jpg\" alt=\"Transfer of company shares. Notary Via Augusta 4\" width=\"300\" height=\"300\" srcset=\"https:\/\/notariaviaaugusta4.com\/wp-content\/uploads\/2026\/04\/La-transmision-de-participaciones-sociales.-Notaria-Via-Augusta-4-300x300.jpg 300w, https:\/\/notariaviaaugusta4.com\/wp-content\/uploads\/2026\/04\/La-transmision-de-participaciones-sociales.-Notaria-Via-Augusta-4-1024x1024.jpg 1024w, https:\/\/notariaviaaugusta4.com\/wp-content\/uploads\/2026\/04\/La-transmision-de-participaciones-sociales.-Notaria-Via-Augusta-4-150x150.jpg 150w, https:\/\/notariaviaaugusta4.com\/wp-content\/uploads\/2026\/04\/La-transmision-de-participaciones-sociales.-Notaria-Via-Augusta-4-768x768.jpg 768w, https:\/\/notariaviaaugusta4.com\/wp-content\/uploads\/2026\/04\/La-transmision-de-participaciones-sociales.-Notaria-Via-Augusta-4-12x12.jpg 12w, https:\/\/notariaviaaugusta4.com\/wp-content\/uploads\/2026\/04\/La-transmision-de-participaciones-sociales.-Notaria-Via-Augusta-4.jpg 1254w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p><p>Can <a href=\"https:\/\/notariaviaaugusta4.com\/en\/contact-notaria-via-augusta-4\/\">Contact<\/a> with our team and we will guide you through the entire process:<\/p><p data-start=\"1971\" data-end=\"2158\">\ud83d\udc49 <a class=\"decorated-link\" href=\"https:\/\/www.linkedin.com\/company\/notar%C3%ADa-v%C3%ADa-augusta-4-mario-romeo-garc%C3%ADa-y-javier-monedero-alcover\/?viewAsMember=true\" target=\"_new\" rel=\"noopener\" data-start=\"2234\" data-end=\"2379\">LinkedIn<\/a><br data-start=\"2379\" data-end=\"2382\" \/>\ud83d\udc49 <a class=\"decorated-link\" href=\"https:\/\/www.instagram.com\/notariaviaaugusta4\" target=\"_new\" rel=\"noopener\" data-start=\"2385\" data-end=\"2442\">Instagram<\/a><\/p><p data-start=\"3732\" data-end=\"4195\">\u00a0<\/p><p data-start=\"0\" data-end=\"446\">The transfer of social participations is a legal operation of great importance within limited liability companies, as it directly affects the internal structure of the company, the distribution of power among partners, and the future of the business. Knowing how the transfer of social participations works allows for the anticipation of conflicts, the protection of rights, and the guarantee that each corporate change is carried out in accordance with current legislation.<\/p><p data-start=\"448\" data-end=\"871\">In practice, the transfer of social participations can occur through sale and purchase, gift, inheritance, or other legal transactions, but in all cases, it is advisable to analyse the articles of association, pre-emption rights, and legal limitations. A poorly planned transfer of social participations can lead to challenges, disputes between partners, or corporate deadlock that are difficult to resolve later.<\/p><p data-start=\"873\" data-end=\"1281\">Therefore, the transfer of social shares must be formalised with the utmost possible guarantees, ensuring the correct identification of the parties, the validity of the consent, and the economic traceability of the operation. Having professional advice in the transfer of social shares provides security, transparency, and trust for both sellers and buyers.<\/p><p data-start=\"1283\" data-end=\"1738\" data-is-last-node=\"\" data-is-only-node=\"\">Furthermore, the transfer of social participations has fiscal, commercial, and asset implications that are worth studying beforehand. Each transfer of social participations can affect the control of the company, the value of the business, and future strategic decisions. Therefore, correctly planning the transfer of social participations is not just a formal matter, but a key decision for business stability.<\/p><p data-start=\"3732\" data-end=\"4195\"><br \/><br \/><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p class=\"translation-block\">The transfer of company shares: the public deed as a guarantee.\nAnalysis of the proposed reform of the Preliminary Draft Organic Law on Public Integrity that threatens the legal certainty of our country.<\/p>","protected":false},"author":1,"featured_media":7253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria"],"_links":{"self":[{"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/posts\/7242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/comments?post=7242"}],"version-history":[{"count":4,"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/posts\/7242\/revisions"}],"predecessor-version":[{"id":7309,"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/posts\/7242\/revisions\/7309"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/media\/7253"}],"wp:attachment":[{"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/media?parent=7242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/categories?post=7242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/notariaviaaugusta4.com\/en\/wp-json\/wp\/v2\/tags?post=7242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}