34Personal representatives relieved from personal liability in respect of calls made after transfer of shares

34 Personal representatives relieved from personal liability in respect of calls made after transfer of shares A personal representative of a deceased person who was registered as the holder of shares not fully paid up in any incorporated company may distribute the assets of the estate of such deceased person as soon as such personal representative has procured the registration of some other person as the holder of the shares without reserving any portion of the estate for the payment of any calls made after the date of such registration whether made by the company or its directors or by its liquidators in a winding up, but nothing herein contained shall affect any right which the company or its liquidator may have to follow the assets of such deceased person into the hands of any persons to or amongst whom the same have been transferred or distributed. No. 5770 s. 35.