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
 Related Terms
Book transfer
Depository transfer check
Principal agent relationship
Transfer price
Wire transfer

<< Transactions motive Transfer price >>

Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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