(1) Subject to the provisions of subsection (2), shares in the Bank may be transferred in accordance with Regulations made under section 51.
(2) The Board shall enter into the Register of Shareholders the details of any transfer of shares made in accordance with subsection (1).
(3) Notwithstanding the provisions of subsection (2), the Board may refuse to transfer shares —
(a) upon which the Bank has a lien;
(b) where they have been expressly authorised to do so by a resolution of shareholders holding at least 75% of the issued shares of the Bank.