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Mrs. Brown is the sole shareholder and director of the company. She dies, and her succession...

Mrs. Brown is the sole shareholder and director of the company. She dies, and her succession is not yet devolved to her successors. In this situation, the company that she incorporated will be dissolved or not?

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Ans: When Mrs. Brown dies, the transfer of her shares through enforcement of authority will transfer over her private delegates or administrators that suddenly become customary equity to be listed within a corporation’s record and the members because of that current sharer the shares will be assigned to those shares till any another individual, reasonably any beneficiary of the company, who continue formerly designated since significant current shareholder.

Also as there are many responsibilities of the director so a situation may occur that there may a case exist where only the director has the right to make decisions so the court will appoint a new director in her place.

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