Preferential rights of possessor and share holders

All the shareholders have the right to alienate whole or part of their respective share and also the possessor has the right to alienate his possession, in following manner:- § 1 - Where any of the shareholders desires to sell or give in payment his share or part thereof, the possessor shall have right of preference and if the possessor does not wish, the right of pre-emption passes to other shareholders. Where more than one of shareholders exercises pre-emption, seller will chose the one he desires. § 2 - Similar pre-emption shall have the shareholders when the possessor desires to alienate or give in payment his right of possession, his respective share or part thereof. § 3 - The manner of exercising such preference is the same which established in paragraphs of article 2309.