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Typically shares can be willed or left to an heir. But many corporations have many different rules. There is no one set of rules regarding a shareholder dying that each and every corporation adheres to.
Wiki User
∙ 13y ago
Wiki User
∙ 7y agoThe shares become part of the persons estate.
They will pass to the next of kin, or to a person named in the dead persons will, if they made one.
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What is the difference between transmission and transfer?
Transfer of shares is the mode of changing the ownership by sale/gift of his shares in a company by the present holder to a purchaser/donee. Transmission of shares takes place when the ownership passes from one holder to another by operation of law. For example, 'A', the present shareholder of shares in a company dies, the ownership in his shares passes to his legal heirs by law.
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