Stock Ownership Transfer

New Share Issuance

Please note - All transfers must include shareholders social security numbers and addresses to be completed.

Irrevocable Stock or Bond Power

The Irrevocable Stock or Bond Power is used when a shareholder or bondholder sells, assigns, or transfers shares of his/her stock to another party for some value received. In the case of stock, the Company, number of shares and the underlying certificates are identified.

With bonds, The Company, principle amount, and number of bonds are specified.

Once executed, the party to which the stocks or bonds are sold, assigned or transferred has full power of ownership and control of the shares or bonds. Corporate Stock Transfer must have a copy of the Irrevocable Stock or Bond Power in order to issue new certificates to the new owners. The Irrevocable Stock or Bond Power must be Medallion Signature Guaranteed.

What is a Medallion Guarantee?

A Medallion Guarantee takes the form of a stamp and signature on a stock certificate or stock power. A Medallion Guarantee is obtained from an eligible institution, such as a commercial bank, broker, trust company, etc. The Guarantee provides transfer agents assurance that the person signing a stock certificate or stock power is the authorized individual. Only institutions participating in an officially recognized Medallion Signature Guaranty program may provide this Medallion Guarantee. You must obtain a Guarantee on your transfer documents prior to submitting your transfer.

Third Party Release Form

The Third Party Release Form concedes right of ownership to the specified third party, and with such right, power to dispose or receive benefits as so accorded. Corporate Stock Transfer requires a Third Party Release Form or Letter of Instruction when transferring from one name to another.

Corporate Resolution

The Corporate Resolution grants key officers, such as the President, Vice President, or Secretary, acting in concert or individually, authorization to sell, assign, transfer, and/or deliver any and all of the Company's securities in the name of the Corporation. It further indicates that the Secretary certifies that the resolution was adopted and passed by the Board of Directors on a specific date, and that the Resolution remains in full force and effect, that it has not been repealed or amended, and does not conflict with the by-laws of the Corporation. Corporate Stock Transfer requires a Corporate Resolution for all transfers involving corporations.

Additional Issuance Requests

If the Company decides to issue additional shares of securities, it must send an Additional Issuance Request to Corporate Stock Transfer instructing Corporate Stock Transfer to issue additional shares. To be included in the Additional Issuance Request are the names of the parties to which the shares are to be issued, the addresses of the shareholders, their respective social security numbers, the balance of the total issuance and delivery instructions. This request needs to be accompanied by minutes of the Board of Directors authorizing the issuance of the additional shares and/or an opinion of counsel.

Items required for an additional issuance (Restricted)

Instruction Letter on Company Letterhead or from Company Counsel
Shareholder name
Shareholder address
Shareholder Social Security number
Number of shares
Mailing instructions
Board minutes OR opinion of counsel

Items required for an additional issuance (Free-Trading)

Instruction letter on company letterhead or from company counsel stating that the shares are to be free trading and reciting under what rule/registration statement
Shareholder name
Shareholder address
Shareholder Social Security number
Number of shares
Mailing instructions
Also needs to include or have on file the registration statement and legal opinion

*Company/Company counsel notifies Corporate Stock Transfer if registration statement goes "stale"