Companies Act - Singapore Statutes Online

Transfer by personal representative

130AC.—(1) A transfer of the share, debenture or other interest of a deceased person made by his personal representative shall, although the personal representative is not himself a member of the company, be as valid as if he had been such a member at the time of the execution of the instrument of transfer.

(2) The production to a company of any document which is by law sufficient evidence of probate of the will, or letters of administration of the estate, of a deceased person having been granted to some person shall be accepted by the company, notwithstanding anything in its constitution, as sufficient evidence of the grant.

(3) In this section, “instrument of transfer” includes a written application for transmission of a share, debenture or other interest to a personal representative.

[Act 36 of 2014 wef 03/01/2016]

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