Court rules inherited shares need no transfer process
PUTRAJAYA: The Court of Appeal has ruled that shares left to beneficiaries under a will pass by operation of law through "transmission" and need not undergo the usual share-transfer process. A three-member bench comprising judges Datuk Wong Kian Kheong, Datuk Ahmad Kamal Md Shahid and Datuk Ahmad Fairuz Zainol Abidin made the ruling in allowing an appeal by three beneficiaries of the estate of…
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