If a person who became disqualified is re-licensed, what can they do with their shares?

When a person who was previously disqualified but has since received re-licensing takes ownership of their shares, they have specific rights regarding those shares. Having them re-issued correctly reflects the process to align with the legal status of the individual after their re-licensing.

Re-issuing shares can facilitate the individual's ability to reestablish their role within the corporation, ensuring compliance with regulations that may govern ownership and control of the corporation. This action allows the individual to regain full participation in corporate affairs and reaffirms their position after the legal hurdles of disqualification have been resolved.

In contrast, the other options do not appropriately align with the implications of being re-licensed. Selling shares, transferring them, or liquidating the corporation can carry significant legal complexities and may not comply with the regulations or bylaws governing corporate ownership and the specific restrictions that were in place during the period of disqualification.