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legal transfer

   Also found in: Dictionary/thesaurus, Wikipedia 0.04 sec.
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 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.


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704(e)(2) for family partnerships) is premised on the notion that a legal transfer of ownership from a higher- to a lower-bracket family member has been made.
The IRS's ability to attack S corporation stock transfers by Altieri, Mark P. / The Tax Adviser
It is government's very power to be government that creates the market for legal transfer seeking--a point that deserves emphasis, because so many people refuse to face up to it.
Suckers! by Rauch, Jonathan / Reason
NYSE:FO), today announced that the legal transfer of spirits and wine assets purchased from Pernod Ricard on July 26, 2005 has been substantially completed.
Fortune Brands Announces Legal Transfer of Assets from Pernod Ricard by Business Wire
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