Dealing with Shares on a Shareholder's Death: The Plight of the Deceased's Personal Representative
Global Journal of Business and Social Science Review, Vol. 1(1) 2013. 25-32
8 Pages Posted: 18 Jul 2017 Last revised: 22 Jul 2017
Date Written: February 24, 2013
Abstract
Objective: This paper aims to examine the extent of the personal representative's duties and liabilities in dealing with shares on the death of a shareholder. The paper also analyses the procedure to administer the shares and the available options to the estate beneficiaries with regard to their entitlements to the shares.
Methodology/Technique: The discussion adopts the doctrinal analysis by examining the existing primary and secondary materials, including statutory provisions as provided by the Probate and Administration Act 1959 and the Companies Act 1965, case law and other legal and non-legal literatures relating to the duties and liabilities of the personal representative in dealing with the deceased's shares.
Findings: The discussion adopts the doctrinal analysis by examining the existing primary and secondary materials, including statutory provisions as provided by the Probate and Administration Act 1959 and the Companies Act 1965, case law and other legal and non-legal literatures relating to the duties and liabilities of the personal representative in dealing with the deceased's shares.
Keywords: Shareholder’s Death; Shares; Estate Distribution; Personal Representative; Malaysian Law
JEL Classification: L2, K2
Suggested Citation: Suggested Citation