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Irrevocable Stock or Bond Power Irrevocable Stock or Bond Power. For Value Received, the undersigned does (do) hereby sell, assign and transfer to. (Social Security or Taxpayer ID Number) IF STOCK, COMPLETE. ... (number) (stock class) ... by the certificate(s) No(s) ... (number on certificate) the books of said Company.
Stock power is a legal power of attorney form that transfers the ownership of certain shares of a stock to a new owner. A stock power transfer form usually is only required when an owner opts to take physical possession of securities certificates, rather than holding securities with a broker.
You'll need the receiving firm's name (the company that manages the recipient's brokerage account), the receiving firm's account number, and the receiving firm's Depository Trust and Clearing (DTC) number. You'll also need the recipient's name and other personal information. Authorize the transfer.
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.
What Is Stock Power? Stock power is a legal power of attorney form that transfers the ownership of certain shares of a stock to a new owner. A stock power transfer form usually is only required when an owner opts to take physical possession of securities certificates, rather than holding securities with a broker.
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Key Takeaways. Stocks can be given to a recipient as a gift whereby the recipient benefits from any gains in the stock's price. Gifting stock from an existing brokerage account involves an electronic transfer of the shares to the recipients' brokerage account.
The purpose of this Stock Power and Assignment of Uncertificated Securities is to enable the Company and/or its assignee(s) to acquire the shares upon repurchase by the Company as set forth in the Agreement without requiring additional signatures on the part of Stockholder or Stockholder's Spouse or Domestic Partner.
There is no law that you need to have it witnessed or notarized, but it does not hurt to do this. You should also have a board resolution reflecting this stock transfer to you.
Stock powers are needed for each account and each security being transferred. All owners must sign the form and generally have their signatures guaranteed with a medallion signature guarantee. In some cases, if a stock power is too old, it might be rejected.
The Irrevocable Stock or Bond Power Form is the legal document that officially transfers the ownership of shares from one registered shareowner to another.

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