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When a transfer of shares takes place by the operation of...

This question belongs to Commerce Business And Commerce
Business and Commerce
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When a transfer of shares takes place by the operation of law, it is known as ____________.

Answer & Solution
Correct Answer: Option B
When a transfer of shares takes place by the operation of law, it is known as Transmission of shares. The transmission of shares occurs due to the operation of law i.e. in case if the member passes away or becomes insolvent/lunatic.
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