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Rule 54
Persons entitled to shares
Only the representative of the deceased shareholder will be recognized by the corporation as entitled to the shares registered in the name of the deceased. If a share is jointly registered in the name of several shareholders and one of them dies, only the remaining joint shareholders of the corporation will be considered entitled to that share. But because of that, it is not considered that the deceased person is deprived of the liability to remain in his movable and immovable property for the shares he has taken with other persons.