Q.Write a word or a term or a phrase which can substitute the following statement:
Transfer of shares due to operation of law.

The term is Transmission of shares — the passing of shares to the legal heir or representative automatically by operation of law, not by a voluntary agreement.

Shares can change hands in two ways. Transfer is a voluntary act done by a deliberate agreement between the transferor and transferee, requiring a duly stamped and executed transfer deed. Transmission, on the other hand, happens automatically by operation of law.

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