The dematerialization of securities in Belgium
"Dematerialized securities" are securities deposited in a securities account in the name of the owner and which can not be obtained in physical form..
Legally, a holder of bearer shares is legally the owner thereof and must not prove their origin. Dematerialization will make it mandatory to deposit these securities in a registered securities account with a bank. Hence the impossibility of ousting the payment of death duties.
For detailed information on this law, consult your bank.
In any case, do not destroy them or leave them with your bank for destruction. For all securities that are not listed on the stock exchange, banks have only minimal knowledge of what is still valid or not.
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