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Certificate for a share in Kennet and Avon Canal Navigation, Great Britain, 1808. In corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies the legal interest (a bundle of several legal rights) of ownership of a specific number of shares (or, under Article 8 of the Uniform Commercial Code in the United States, a ...
This is the system used to transfer money from a bank account to another party. It is also the system used in some payments made via a bank's online bill payment service. These transfers are made using a bank routing number and the account number at that institution. EFTS transfers differ from wire transfers in important legal ways.
Bearer shares are transferred by simply delivering the certificate to a new holder. When the bearer shares are sold, it is not required to make any transfer inscriptions on the share certificate: The share is transferred by the physical transfer of the certificate from the seller (the bearer of the share certificate) to the buyer. The transfer ...
A bank's hold policy can be less stringent than the guidelines provided, but it cannot exceed the guidelines. The Electronic Fund Transfer Act of 1978, implemented by Regulation E, established the rights and liabilities of consumers as well as the responsibilities of all participants in electronic funds transfer activities.
The federally required "Truth in Savings" booklet, or other disclosure document that gives the terms of the CD, must be made available before the purchase. Employees of the institution are generally not familiar with this information [citation needed]; only the written document carries legal weight. If the original issuing institution has ...
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Common examples of transaction documents are: bills; bank statements (and credit card, financial services, etc.) insurance policies; notices; other legally relevant correspondence, etc. Xplor international is a technical association that focuses on the best practices and technologies associated with these documents.
A stock transfer agent, transfer agent, share registry or transfer agency is an entity, usually a third-party firm unrelated to security transactions, that manages the change in ownership of company stock or investment fund shares, maintains a register of ownership and acts as paying agent for the payment of dividends and other distributions to investors.