Company not bound by less than absolute rights.

Контекст: Это заголовок пункта, гласящего следующее:

"Except as required by law, no person is to be recognized by the company as holding any share upon any trust, and except as otherwise required by law or the articles, the company is not in any way to be bound or recognize any interest in a share other than the holder's absolute ownershipo of it and all the rights attaching to it."

Кто в теме, объясните смысл заголовка, плиз.

Заранее благодарю за помощь.