Transmission of shares

Transmission of shares

July 23, 2019

 

Transmission of shares occurs by operation of law i.e when a shareholder dies or becomes bankrupt or mentally unstable and his share title is transferred.

Procedure for transmission of shares;

  • The Personal representatives of the shareholder will obtain probate/Letters of Administration from the probate registry
  • Notification of intention to either be member or transfer the shares to another person will be sent to the company attaching the following;
  • A copy of the Death Certificate of the deceased shareholder.
  • A copy of the probate or Letters of Administration.
  • Original shares certificate of the deceased shareholder.
  • A new certificate will be issued to the personal representatives of the deceased.

For Further inquiries;

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