Transmission of shares is effected by which of the following? A. Sale B. Death C. Insolvency D. Maturity

Transmission of shares takes place by operation of law upon events such as (B) Death or (C) Insolvency (or lunacy) of a shareholder, whereby title to the shares passes automatically to the legal representative or Official Assignee (B & C only). Sale is a voluntary transfer of shares between living parties, and equity shares do not have a maturity date.