Heir definition
Examples of Heir in a sentence
As defined in Transport Agreement clause no 15 (h), In case of death or retirement of proprietor or any of the partners of the Carrier firm, based on request from the legal heir, reconstitution of the transport agreement may be undertaken as below- “In case of death of proprietor / Partner / Director of the transport carrier firm, the Legal Heir of deceased will be inducted as proprietor / Partner / Director of the concerned carrier firm by BPCL.
Neither the Holder nor the Holder’s Heir shall have any rights as a stockholder with respect to any shares represented by the Units unless and until shares of Common Stock have been issued in settlement thereof.
In the case of Units settled by delivery of Common Stock, the Company shall (a) issue or cause to be delivered to the Holder (or the Holder’s Heir, as defined below, if applicable) one or more unlegended stock certificates representing such shares, or (b) cause a book entry for such shares to be made in the name of the Holder (or the Holder’s Heir, if applicable).
It shall be the responsibility of the Heir to notify the Company of any changes in address.
In the unfortunate event of death of the Life Insured, the benefit will be paid to the Policyholder/Nominee/Legal Heir/ Assignee or to such other person(s) as directed by a Court of competent jurisdiction in India.