Editorial Board:

Prof. Dr. Valeri Dimitrov - Chief Editor

Prof. Dr. Sc. Angel Kalajdziev

Prof. Dr. Darina Zinovieva

Prof. Dr. Gabriela Belova

Assoc. Prof. Dr. Konstantin Tanev - Scientific Secretary

Address of the Editorial Office:

Student Town, UNWE Faculty of Law

e-mail: [email protected]

Tel.: (+3592) 81-95-684

International Scientific Council:

Prof. D.Sc. (Law) Dimitar Radev Radev

Assoc. Prof. Dr. Valchin Daskalov

Assoc. Prof. Dr. Diana Marinova Marinova

Prof. Dr. Rumen Iliev Markov

Prof. Dr. Josep María De Dios Marcer P

rof. Dr. Sc. Mihal Sckrejpek

Prof. Dr. Philip Thomas

Address: Student Town, UNWE Faculty of Law e-mail: [email protected] Tel.: (+3592) 81-95-684

The views expressed by the authors are their own and do not commit the editorial board of the journal.

Prepress preparation carried out by: Publishing Complex - UNWE Printed by: Publishing Complex - UNWE

Наследяване и делба на дружествени акции и налични акции
Business and Law
year 2021
Issue 2

Наследяване и делба на дружествени акции и налични акции

Inheritance and Partition of Company Shares and Materialised Stocks


The article examines the inheritance of shares and stocks and some controversial questions in the cases of more than one heir. In similar situations, there is joint ownership over the inherited shares and stocks. According to article 132 and 177 from the Bulgarian Commercial Act, the rights in the shares and the stocks are indivisible, thus the heirs should exercise their joint and several rights and duties together and should appoint a proxy to act on their behalf before the company. When there is no understanding and consent between them then it is a crucial question whether they could end the joint ownership through a partition of their rights over the shares and the stocks. Legal theory and jurisprudence suggest that the partition by mutual consent is possible, but if no consent the only option should be a court order of partition. The Supreme Court of Cassation did not yer resolve if this is possible, which rises further discussions.


partition, Shares, Stocks, Inheritance, Heritage
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ISSN (print): 2603-3437
ISSN (online): 2603-3445