(1) Where several beneficiaries are entitled to one share of stock, they may exercise the rights attaching to the share of stock only through a common representative.
(2) They are liable as joint and several debtors for the performance under the share of stock.
(3) In cases in which the company is to make a declaration of intent to the stockholder, it will suffice, where the beneficiaries have not provided the company with the name of a common representative, to make such declaration to one of the beneficiaries. In cases involving several heirs of a stockholder, this applies only to declarations of intent made after expiry of one (1) month since the accrual of the estate.