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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 entry of a QDRO, the timing of transfers, community property laws and the harmful tax consequences of transferring some types of employment benefits are all factors CPAs should consider when advising clients involved in a divorce.
This can be accomplished by making sure the property settlement stipulates that the corporation will redeem the transferring spouse's stock and that the transfer is not on the nontransferring spouse's behalf.
On the other hand, the court was certainly correct in concluding that a tax motivation for transferring additional assets in order to avoid section 357(c) did not taint a transaction as a "sham.
1041 applies to the transferring spouse whose stock is being redeemed.
However, state law often limits a grantor's ability to defeat creditors"valid claims by transferring property to a trust.
2702-5(b)(1) included a controversial provision requiring a QPRT governing instrument to include language prohibiting "the trust from selling or transferring the residence, directly or indirectly, to the grantor, the grantor's spouse, or an entity controlled by the grantor or the grantor's spouse during the retained term interest of the trust, or at any time after the original duration of the term interest that the trust is a grantor trust.
If the majority shareholder wants to transfer a nominal amount of stock, attribution could be avoided by transferring such stock to "friendly" outsiders, such as employees, charities or others not related to the majority shareholder.
In the event stock were sold under a transfer hold, the transfer agent will stop the certificate from transferring ownership and so inform the selling broker.
Since retirement plans may become part of the divorce proceedings, care must be exercised in transferring these retirement benefits, due to the complexity and rigidity of the underlying rules governing their transferability.
The theory has evolved from cases that hold that transferring property to a corporation in exchange for stock equal in value to the property transferred is not fraudulent because the stock is available for creditors.
There is nothing unethical, let alone fraudulent, in engaging in business succession and/or estate planning by transferring S stock from a high-marginal-income-tax-rate parent to a low-bracket child.