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01. Edit your irrevocable stock bond power form online
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Bond power is a separate legal form that authorizes the transfer of ownership of a registered bond from one party to another, without endorsing the actual bond certificate. A bond power usually requires a signature guarantee to protect against fraudulent transfers.
At the time of delivery, the stock power is signed by the borrower, but it is not completed or dated. This allows the lender to sell the stock to a third party if it forecloses on the collateral in the future.
Instructions: Use the Irrevocable Stock or Bond Power when depositing unsigned original certificate(s). This power serves as the endorsement and takes the place of an original signature on the certificate. This form must be endorsed exactly how the certificate is registered (no modifications).
A power of attorney that allows a person to transfer ownership of stock. Stock powers are commonly used in secured lending transactions. If certificated securities owned by a borrower are collateral in a loan transaction, a stock power is delivered to the secured party along with a stock certificate.
A security power, often called a stock power or bond power, is a legal document separate from a securities certificate that investors can use to transfer or assign ownership to another person.
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A stock power form includes the previous owners name, a description of the shares to be transferred, the stock certificates, and the cost basis of the shares.

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