The right to sell personal property is a legal right for every individual in the community, and no person or entity can confiscate this right from people, there are exceptions without doubt, especially in judicial matters and related to court rulings, but otherwise I do not think that the UAE law in all its forms gives A party has the right to confiscate the right to sell from its owners.

Unfortunately, this happens in a cooperative society, this association limited the right to sell its shares in one mechanism within a website or an electronic application, but it directly controls the buying and selling of shares, no one can sell or buy them except at the price determined by the association, and even if he is satisfied with the price The sale process does not take place because the controls of the association prevent this, which means confiscating a natural right owned by the shareholders, and it is, even if it is shares of the association, but it is the personal property of its holders, as it has become their property either by purchase or grant, so they are free to sell it, or keep it, or Show them at the price that they deem appropriate.

The association does this to protect the stock price, and it is undoubtedly its right to take protective measures, but provided that this right does not violate the rights of consumers, and it does not contradict the laws of the state, or that these procedures are temporary for a period of at least the least, but its continuation and strictness there is no doubt that It will do great harm to a large share of the shareholders, especially since the shareholders are all citizens!

All of them are citizens, this is a fact, but they are not all merchants, investors or speculators in stocks, meaning that there is a middle-income majority that has found in the association’s shares a good haven for saving, taking advantage of profits when needed, and the needs of people are endless, including those who want to build, for example, and from them Whoever wants to marry his son, and some of them need it for therapeutic purposes, so selling shares is a good alternative for them to borrow from banks, so why is the association depriving them of this right? Why aren't people’s cases being studied at least instead of generalizing the procedures to everyone?

Here, the association’s board of directors must be reminded of the federal law regarding consumer protection, issued by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, may God protect him, in the year 2006, specifically in Article No. 14, which states that “No provider Hiding any commodity, or refraining from selling it, with the intention of controlling the market price, or imposing the purchase of certain quantities of it », and what the association is doing is a clear and explicit violation of this legal article, therefore consumers, who are shareholders here, have the legal right that it provides Article 16 of the same law, it says: “The consumer has the right to compensation for personal injury Materiality in accordance with the general rules in force, and every agreement to the contrary is null and void. ”There is no doubt that preventing people from selling shares contains a lot of personal damages. Is the association ready to compensate them, or is it better for them to stop these procedures and open the way for people to practice Their natural rights ?!

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