Malaysia legislation
Section 52
Section 52
Instruments of transfer and transfer by personal representative
(1)
A Langkawi company shall not register a transfer of shares or debentures unless a proper instrument of transfer has been delivered to the company, but this subsection shall not prejudice any power to register as a shareholder or debenture holder any person to whom the right to any shares in, or debenture of, the company has been transmitted by operation of law.
(2)
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.
(3)
The production to a Langkawi 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
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been granted to some person shall be accepted by the company, notwithstanding anything in its articles of association, as sufficient evidence of the grant.
(4)
In this section, “instrument of transfer” includes a written application for transmission of a share, debenture or other interest to a personal representative.