Thousand of people own Fondul Proprietatea shares jointly, beingregistered at the Central Depository in "joint accounts" which theyshare with several inheritors of the same former owner. They cannottrade their shares on the Stock Exchange before going to the notarypublic.
Iulian Lepa, a lawyer specialising in compensations and ashareholder in FP himself, is in the position of sharing with hissister a "joint account" of stock received as compensation for aplot of land that belonged to his mother and was confiscated by thecommunists.
"(...) In my case it will be simpler, because we are two, but thereare situations where seven inheritors, in various relationshipswith the former owner, share the same stake in the Fund. For them,dividing the shares will be more complicated," he said.
For shareholders in "joint accounts" to be able to sell theirshares on the Stock Exchange starting January 25, when the Fund isscheduled to float, they need to go to the notary public to unlocktheir shares.
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