Stock power

Stock power,

Definition of Stock power:

  1. A stock power usually requires a signature guarantee to protect against fraudulent transfers. A stock power form is sometimes referred to as a security power form. As mentioned, it’s generally only needed for the transfer of physically held shares, but it may also be needed to change the name on the account or add a transfer of death beneficiary. .

  2. 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. A stock power form includes the previous owner's name, a description of the shares to be transferred, the stock certificates, and the cost basis of the shares. .

  3. Document used in the US when selling a security or pledging it as a collateral. It either transfers the ownership, or assigns the power of attorney to do so to an agent.

How to use Stock power in a sentence?

  1. Stock power is a power of attorney form that transfers share ownership to a new owner. .
  2. Stock power is sometimes referred to as a security power form and generally requires a signature guarantee to protect against fraudulent transfers.
  3. A stock power form includes the previous owner's name, a description of the shares to be transferred, the stock certificates, and the cost basis of the shares.
  4. This form is usually only needed when physical possession of security certificates is taken.

Meaning of Stock power & Stock power Definition