DEFINITION of 'Transfer Procedures'

The procedure by which ownership of a stock moves from one party to another. The transfer agent follows a detailed, documented series of steps governed by the SEC to ensure that a transaction has been completed.

BREAKING DOWN 'Transfer Procedures'

The transfer agent has record of the personal details of an owner of a share. And when a share's ownership changes, the transfer agent cancels the stock certificate of the seller and makes a new stock certificate for the buyer.

RELATED TERMS
  1. Transfer Agent

    A transfer agent keeps records of who owns a publicly traded ...
  2. SEC Form TA-1

    SEC Form TA-1 is used to apply for registration as a transfer ...
  3. Settlement Agent

    A settlement agent coordinates all paperwork and conditions required ...
  4. SEC Form TA-2

    A form completed by transfer agents when submitting its annual ...
  5. Stock Power

    A stock power is a legal power of attorney form that transfers ...
  6. Retirement of Securities

    Retirement of Securities is the cancellation of stocks or bonds ...
Related Articles
  1. Investing

    How Real Estate Agent and Broker Fees Work

    Buying or selling a home? What you need to know about real estate agent and broker fees.
  2. Financial Advisor

    How to Find the Best Life Insurance Agent

    Choosing a life insurance agent is the first and most important step in obtaining coverage. Buyers should pay attention to five key factors.
  3. Financial Advisor

    A Day in the Life of a Real Estate Agent

    There are no set hours and no set days. While every day is unique for a real estate agent, there are some activities that may be typical.
  4. Investing

    Old Stock Certificates: Lost Treasure or Wallpaper?

    What if you've discovered some old shares in bearer form? Follow our tips to find if these old stock certificates are worth anything.
  5. Investing

    How To Find The Best Real Estate Agent

    Most people don't have the time, expertise or motivation to go it alone and finding a good real estate agent becomes essential to enjoying a smooth real estate transaction.
  6. Personal Finance

    8 Low-Cost Ways To Transfer Money

    If cost is your primary concern, there are several cheap(er) ways to move funds.
  7. Investing

    8 reasons to sell your home with an agent

    The standard real estate agent cost you 6% of the total house sales, learn what value do they bring you. See if it is worth to hire a sales agent in a housing sales.
  8. Personal Finance

    How Credit Card Balance Transfers Work

    The pros and cons of credit card balance transfers.
Trading Center