transfer of regional government stock in pt indotan lombok barat bankit through sircular shareholder general meeting

this study aims to analyze the transition of shares of regional government through circular shareholders general meetings. related to this matter, the regulation of share transfer through the circular general shareholders meeting. this research is a type of normative research, with the approach used is a legal approach and a conceptual approach. circular transfer of shares is clearly stipulated in article 91 of law number 40 of 2007 concerning limited liability companies. that a decision outside the general meeting of shareholders approved by all shareholders is a binding decision. that is, the decision has the same legal force as the decisions of the general meeting of shareholders carried out physically and conventionally. then the next arrangement is regulated in article 14 of the cooperation agreement between indotan lombok, pte. ltd., pt puri permata mega, and west lombok regency government based on notarial deed number ahu-ah.o1.10-09847. if in the analysis of the agreement theory, this agreement has fulfilled the legal requirements of an agreement. the implementation was carried out with evidence that pt puri permata mega had transferred its shares to pt indotan lombok, pte. ltd. this is evidenced by the agreement of indotan lombok, pte, ltd and the west lombok regency government.