| Commentary

175 Transmission of shares of a deceased member

| Commentary

175 Transmission of shares of a deceased member

When a member of a company dies, legal title to his shares vests automatically in his personal representatives (or to the surviving holder if jointly held). The personal representatives may decide to have their own names entered on the register, in which case they should provide the company with a formal letter of request. Such a registration is not a transfer and consequently no instrument of transfer is necessary1. Although this course of action may be perfectly sensible where the shares are fully paid up, it is likely to be inadvisable in

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