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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 ?
In Senda, (6) the Eighth Circuit affirmed the Tax Court's decision that stock transfers to two partnerships were indirect gifts of the stock to the taxpayer's children (and hence, were valued with no discount), because the transferor failed to follow the procedural formalities in forming and funding the partnership.
The transferor and the transferee both have a duty to inform and consult representatives of employees who may be affected by the transfer.
2036(a) includes in a decedent's gross estate those assets that were transferred during life, but to which the transferor retained significant rights.
In balance sheet CDO transactions, the transferor, generally a bank, wishes to securitize direct loans made to its customers (either term or revolving loans), or syndicated loans on which the bank has a funding obligation.
3) A transferred financial asset should be considered pledged as collateral to secure an obligation of the transferor (i.
The transferor surrenders control of the future economic benefits relating to the receivables.
The Statement provides guidance on whether the transferor or the operator should report the capital asset in its financial statements, when to recognize up-front payments from an operator as revenue, and how to record any obligations of the transferor to the operator.
The IRS also noted that, under the final regulations, the transferor may elect out on future transfers even if no current-year transfer is made and the transferor is not otherwise required to file a Federal gift tax return.
While the full implications of Peracchi remain uncertain, the decision may prove a useful planning device for transferors who wish to avoid the recognition of gain by using their notes to increase the basis of the transferred property.
The original ED also proposed that transferors would report a liability upon commencement of an SCA for consideration received (such as up-front payments, installment payments received from an operator, or an operator-provided facility).
Transferors retain "possession or enjoyment" of property, within the meaning of Sec.
Likewise, if there is only one transferor (or two or more transferors of identical assets) to a newly-organized corporation, diversification does not exist.