(1) Ownership of Share of the Trust may be, subject to this Act, transferred or given in security or mortgage as good as movable asset.
(2) In case any others’ entitlement to share is to be established by the death of any shareholder or by insolvency of assets caused by creditor or by transfer of ownership in share to other pursuant to Sub Section (1) or, by any other means, if such person submits an application to the
Trust along with the evidence thereof, transmission of such share shall be given effect in his/her name as prescribed.
(3) Other provisions relating to transfer and transmission of ownership of share shall be as prescribed.