legal transfer


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Legal transfer

A stock transaction that requires special documentation in addition to standard stock or bond power to be legally valid.

Legal Transfer

The transfer of a security that requires extra documentation. For example, the sale of a security by the estate of a dead person may require the executor of the estate or someone else to submit a death certificate in addition to the security's own certificate. In this case, legal transfer ensures that the executor has not stolen the security from the deceased.

legal transfer

The transfer of a registered security when more than an endorsed bond or stock power is required for legal change of ownership. For example, transfer of securities registered to a deceased person usually requires submission of a death certificate.
References in periodicals archive ?
The new identity comes six months after company affiliates purchased a number of former Allied Domecq brands from Pernod Ricard, and just as the legal transfer of assets relating to the acquired brands was completed.
This book explains how this systematic and legal transfer of wealth occurs and answers some important questions.
Fortune Brands announced that the legal transfer of spirits and wine assets purchased from Pernod Ricard on July 26, 2005 has been completed.
A liability transfer contract provides the more comprehensive legal transfer of part or all environmental risk associated with a site.
Speaking to the assembled community members in January as they celebrated the legal transfer of the land, Pascual Rios--a delegate of the word, co-leader of the youth group, and member of the board of directors of the not-for-profit organization--said, "We're going to develop this organization to move our community forward.
However, the legal transfer means that Saddam and the others are no longer prisoners of war -subject to rights under the Geneva Conventions -but criminal defendants whose treatment will be in accordance with Iraqi law.
However, the legal transfer means that Saddam and the others are no longer prisoners of war - subject to rights under the Geneva Conventions - but criminal defendants whose treatment will be in accordance with Iraqi law.
Until the 1952 Adoption Act provided for the legal transfer of parental right s from biological to adoptive parents, the only alternative to an institutional existence or an insecure boarding-out arrangement was adoption by foreign, primarily American, families.
They started proceedings in the High Court where it was decided that the legal transfer was made under undue influence.
1) direct transfer of legal institutions and instruments, (2) indirect transfer of legal concepts and models, (3) invited legal transfer, where the initiative and encouragement for the legal transfer process comes from the recipient legal culture, .
Smart cards, personal identification numbers and sophisticated cryptography are used to authenticate these digital signatures making the legal transfer of goods secure and paperless.
At the other end of the range, David Laband figured that Americans--including criminals as well as legal transfer seekers--invested about one trillion dollars in transfer activity in 1985, which would have been about one-quarter of the GNP that year.