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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 IRS asserted transferee liability for estate tax of $50,000, plus interest, against Richard.
1445(a) withholding tax or the alternative amount, the transferee must comply with three notification requirements described in Regs.
In 1971, the Tax Court examined this issue in which a transferor contributed its own debt obligation to a transferee in exchange for transferee stock in a transaction to which Sec.
The names of the transferees should be submitted by the school division superintendents to the DepEd central office for tracking, he said.
If they are transferees, meaning they voted on May 13, why would they transfer when it is just July?" Brillantes said.
He said that if it turned out that most of those who lined up were transferees, it could mean that they were herded into the election offices by candidates for the barangay elections.
The proposed regulations would characterize the entity that was an original party to the long-term contract (and, therefore, the transferor of the contract) as the "old taxpayer" and the entity made responsible for reporting the income from the same contract (the transferee) as the "new taxpayer." For this purpose, an "old taxpayer" would include any predecessors of the old taxpayer.
In April 1992, the Service asserted transferee liability against the donees of the 1987 gifts and issued liability notices totaling over $9 million in taxes and penalties.
The order added: 'Bahria Town is directed to appear with complete documentation and SOPs [standard operating procedures] pertaining to allotment and transfer of property, including information about the amount it charges from transferees of leasehold or freehold property at the time of original transfer/allotment and subsequent transfer and whether the amount charged is being paid to the state kitty or retained by Bahria Town.'
The IRS sent notices of liability to the former Slone Broadcasting shareholders, claiming that they were liable for the taxes owed on the asset sale because they were "transferees" of Slone Broadcasting under Sec.
The Court held that the issues concerning the transferred TCCs' validity, the oil companies' qualifications as transferees of said TCCs, and the their valid use of the TCCs to pay for their excise tax liabilities for the years 1998 and 2002 had been finally settled in its decision in the 2007 Shell case and 2010 Petron case.
When the executor fails to pay estate tax, the IRS has the option of also proceeding against transferees under special lien statutes contained in IRC section 6324 for the collection of any unpaid taxes with respect to property included in the gross estate.