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

See all articles by Akmal Hidayah Halim

Akmal Hidayah Halim

International Islamic University of Malaysia (IIUM) - Ahmad Ibrahim Kulliyyah of Laws

Wan Noraini Mohd Salim

International Islamic University of Malaysia (IIUM) - Ahmad Ibrahim Kulliyyah of Laws

Halyani Hassan

International Islamic University of Malaysia (IIUM) - Ahmad Ibrahim Kulliyyah of Laws

Nor Azlina Mohd Noor

Universiti Utara Malaysia

Azhani Arshad

Universiti Teknologi MARA (UiTM)

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

Halim, Akmal Hidayah and Mohd Salim, Wan Noraini and Hassan, Halyani and Mohd Noor, Nor Azlina and Arshad, Azhani, Dealing with Shares on a Shareholder's Death: The Plight of the Deceased's Personal Representative (February 24, 2013). Global Journal of Business and Social Science Review, Vol. 1(1) 2013. 25-32, Available at SSRN: https://ssrn.com/abstract=3000760

Akmal Hidayah Halim (Contact Author)

International Islamic University of Malaysia (IIUM) - Ahmad Ibrahim Kulliyyah of Laws ( email )

P.O. Box 10, 50728
Kuala Lumpur
Malaysia

Wan Noraini Mohd Salim

International Islamic University of Malaysia (IIUM) - Ahmad Ibrahim Kulliyyah of Laws ( email )

P.O. Box 10, 50728
Kuala Lumpur
Malaysia

Halyani Hassan

International Islamic University of Malaysia (IIUM) - Ahmad Ibrahim Kulliyyah of Laws ( email )

P.O. Box 10, 50728
Kuala Lumpur
Malaysia

Nor Azlina Mohd Noor

Universiti Utara Malaysia ( email )

Sintok
COLGIS, UUM
Sintok, KY KEDAH DARUL 06010
Malaysia

Azhani Arshad

Universiti Teknologi MARA (UiTM) ( email )

40450 Shah Alam
Johor
Dungun, Selangor 23000
Malaysia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
72
Abstract Views
484
rank
412,342
PlumX Metrics