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A change of ownership from one person or party to another.


1. To sell.

2. To deliver.

3. To change ownership between parties for any reason.


1. To record a change of ownership in a security on the issuer's books.
2. To deliver a security to the buyer's broker by the seller's broker.
Is it difficult to transfer my brokerage account to a different firm?

Transferring an account to another firm is relatively easy. The first step is to open an account at the new firm. Then sign an account transfer form, which will be provided by the new firm. A representative at the new firm should be able to provide assistance if you encounter any difficulties. The transfer should be completed within two weeks.

George Riles, First Vice President and Resident Manager, Merrill Lynch, Albany, GA


In a transfer, a 401(k) or IRA custodian or trustee moves the assets in your existing account directly to the custodian or trustee of your new account.

With a transfer, you don't risk failing to deposit the full amount of your withdrawal within the 60-day deadline for rollovers. And, in the case of a transfer from a 401(k) or similar retirement savings plan, nothing is withheld for income taxes.

In contrast, if you handle the rollover yourself, your employer must withhold 20% of the account value.

When securities are sent to a transfer agent for reregistration of the ownership name, this process is also known as a transfer.

Securities may be registered in the actual, or beneficial, owner's name, or in the name of a nominee, known as street name. Most stocks that are held by brokerage firms for their clients are registered in nominee name on the transfer agent's books.

References in periodicals archive ?
The issues raised above require due diligence to investigate the decedent's unpaid tax obligations, understanding of the correct amount of the estate tax liability and potential for additional assessment, informing beneficiaries of any special lien and transferee liability exposure, and attempting to mitigate the executor's personal liability by requests for prompt assessment and discharged.
Previously, in 2014, UMak accepted emergency transferees from Yolanda-affected areas, including those from Leyte and Samar, and granted them full scholarship.
Parent Company continues to maintain a qualifying corporate relationship with a foreign entity, the intra-company executive transferee may continue extending L-1A status up to the 7-year limit.
The Tax Court held that the taxpayers were liable as transferees for the taxes owed by Little Salt.
Servicers must review the way the servicing file is compiled to ensure all necessary information moves with the file to the transferee and to retain copies of any information it may need to satisfy its own retention, legal and regulatory obligations.
Single parents: Transferees may have no one closer than human resource professionals with whom to discuss the relocation process.
Employers can only vary contracts of employment for a reason unrelated to the transfer; or if the principal reason is an economic, technical or organisational reason entailing changes to the workforce; or the transferor is insolvent, and either the transferor or transferee agrees the variations with a trade union or elected employee representatives
There is a new duty on transferors to supply information about the transferring of employees to the transferee by providing what is called "employee liability information".
Follow-up assistance is extremely valuable for transferees, who frequently overlook certain details during the hectic moving process.
For the school search, the company will schedule appointments at the selected schools and accompany the transferee on the visits.
It required a bulk sale transferee to give notice of the transfer to the transferor's creditors and maintain a list of the transferor's creditors and the property transferred and in some states, to distribute the sales proceeds to the transferor's creditors.
For example, if in the preceding example the liability that encumbered Blackacre and Whiteacre were a recourse liability of Exempt, which liability was jointly and severally assumed by the corporate transferees (and Exempt released), proposed section 357(c)(4) seemingly would not have applied.