Shares in a company can be transferred to someone else because of the law, even if the company’s rules say something different. This means that sometimes the law can make shares change hands automatically, without the company being able to stop it. You don’t need to do anything special for this to happen - it just occurs because the law says so.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM320445.
Shares in a company may pass by operation of law notwithstanding the constitution of the company.
