What happens to the shares when shareholder dies?

January 16, 2013 - by Nida U.
One client asked me :

"What happens to the shares when shareholder dies?"
This is very simple, share is like any property, therefore if a shareholder dies, the share becomes property of the shareholders heirs, unless there is a last will, trust or instruction from the shareholder. If deceased have not left a will, then his property that is left should undergo normal inheritance procedure.

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