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Transfer agent

• Individual or institution appointed by a company to look after the transfer of securities.

• Is the party that maintains a record of each registered shareholder. This record includes the name and address of the shareholder, the number of shares held by each, and is responsible for issuing and canceling security certificates. The last procedure occurs when there is a change in ownership.

 
 Embedded terms in definition
 Change
Held
Securities
Security
Shares
 
 Related Terms
 Agent
Book transfer
Depository transfer check
Principal agent relationship
Transfer price
Wire transfer

<< Transactions motive Transfer price >>

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