Utah Sample Letter for Assignment and Transfer of Stock Certificate

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Multi-State
Control #:
US-0459LR
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Sample Letter for Assignment and Transfer of Stock Certificate
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FAQ

If you hold stocks in physical certificate form and want to sell them, you will have to send the certificate to your broker or the company's transfer agent to execute the sale. You probably will need to get your signature guaranteed. Once the brokerage firm has the stock certificates, the sell order can be executed.

A Deed of Assignment of Stock Subscription is a written document used to transfer shares of stock of a corporation from the registered owner (the "assignor") to another person (the "assignee").

A person who gives his signature, name and address as approval for transfer must see the transferor and the transferee sign the share/debentures transfer deed in person. The relevant share/debenture certificate or allotment letter with the transfer deed must be attached and sent to the company.

Giving stocks to family members involves several steps. First, you need to consider the number of shares you want to give. Next, contact your brokerage firm to begin the transfer, which likely requires filling out a gift transfer form and providing the recipient's brokerage account information.

Can I Give Stock as a Gift? Yes, you can gift stock to family members ? or to anyone, for that matter. If you already own stocks and want to give them to another person, the process will involve transferring the stocks from your brokerage account to the brokerage account of the recipient.

The process of changing stock ownership The broker will simply make the transfer on its own internal books. If you transfer shares outside your broker, you'll need a broker-to-broker transfer form, and your current broker will need instructions on how to make the transfer to the receiving broker.

To fill out a stock certificate, you fill in the name of the shareholder, the name of the corporation, the number of shares represented by the certificate, the date, and possibly an identification number. There is also a space for a corporate officer to sign on behalf of the corporation and to affix the corporate seal.

Transfer of Ownership If you hold securities in physical certificate form and want to transfer or sell them, you will need to sign the certificates or securities powers. You will probably need to get your signature "guaranteed" before a transfer agent will accept the transaction.

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Utah Sample Letter for Assignment and Transfer of Stock Certificate