How are bankable securities inherited?
In case of bankable securities this should be done by the banking system. Your share register will be updated based on an incoming order.
How are non-bankable securities inherited?
In case of non-bankable securities, If you become aware of the death of a shareholder, you do not need to take any further action at this stage. Instead, you should wait for proof of death. This is usually provided in the form of a death certificate.
Once you have received a death certificate, save a copy as a PDF file.
You should then check the new ownership structure.
In the case of a community of heirs where the inheritance has not yet been divided, all heirs hold the shares jointly.
Create a new shareholder with the name of the deceased or 'Community of heirs [name of deceased]', setting the 'Legal form' field to 'Community of heirs'.
Then, create a transaction from the shareholder to the community of heirs for all of the deceased's shares, using the date of the death certificate.
If the shares are distributed to the heirs, create each heir as an individual shareholder and transfer the shares to them according to the distribution.
Regarding the denomination of shares, shareholders must clarify the distribution amongst themselves and, if necessary, compensate each other.