Ch.9 · KYC and Folio Management · medium
A mutual fund folio is held jointly by three individuals. The first holder dies. What is the correct process?
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EXPLANATION
On death of the first holder in a joint folio, the surviving joint holders submit the death certificate and request transmission. The folio continues in the names of the two surviving holders. No court order is required if the folio mode is 'Either or Survivor' or 'Joint'.
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