Transfer Agent definition: Copy, customize, and use instantly
Introduction
The term "Transfer Agent" refers to a financial institution or an individual responsible for managing and maintaining records of securities ownership and transactions. It is essential for ensuring the smooth transfer of ownership, managing shareholder records, and handling the issuance of new securities. Transfer agents often play a key role in the administration of stocks, bonds, and other securities in both public and private markets.
Below are various examples of how "Transfer Agent" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Transfer Agent" as a party responsible for verifying ownership
This definition highlights the “Transfer Agent's” role in verifying and confirming securities ownership during transactions.
"Transfer agent" means the entity responsible for verifying and confirming the ownership of securities, ensuring all transfers are processed correctly and in accordance with the contract.
Definition of "Transfer Agent" as a party ensuring the accuracy of shareholdings
This version focuses on the “Transfer Agent’s” responsibility for maintaining accurate shareholding records and updating them with every transaction.
"Transfer agent" refers to the entity that ensures the accuracy of shareholding records, tracking each transaction and updating the register of ownership accordingly.
Definition of "Transfer Agent" as an entity processing stock splits
This definition emphasizes the role of the “Transfer Agent” in managing stock splits and ensuring that shareholders receive the correct number of shares.
"Transfer agent" means the entity responsible for processing stock splits, ensuring that all stockholders receive their appropriate number of shares following such an event.
Definition of "Transfer Agent" as a provider of electronic share registration services
The “Transfer Agent” is defined as a provider of digital services for the registration and transfer of shares, ensuring efficiency and security.
"Transfer agent" refers to an entity that provides electronic services for the registration and transfer of shares, facilitating a more efficient and secure method of handling securities.
Definition of "Transfer Agent" as a party responsible for the issuance of shareholder certificates
This definition focuses on the “Transfer Agent's” responsibility for issuing and managing shareholder certificates, whether physical or electronic.
"Transfer agent" means the individual or entity responsible for issuing and managing physical shareholder certificates, as well as handling their transfer between parties.
Definition of "Transfer Agent" as an intermediary in shareholder transactions
This description underscores the “Transfer Agent’s” role in acting as an intermediary between shareholders and the issuer during transactions.
"Transfer agent" refers to the intermediary that handles shareholder transactions, including the issuance of new securities and the transfer of ownership from one party to another.
Definition of "Transfer Agent" as a manager of shareholder records for public companies
This version emphasizes the “Transfer Agent’s” critical role in managing shareholder records for public companies and ensuring compliance with regulations.
"Transfer agent" means the entity tasked with managing and maintaining shareholder records for public companies, ensuring compliance with securities regulations.
Definition of "Transfer Agent" as a custodian for share certificates in a dematerialized system
In this case, the “Transfer Agent” is responsible for holding securities in an electronic format, rather than issuing physical certificates.
"Transfer agent" refers to the party responsible for maintaining custody of share certificates in a dematerialized system, where physical certificates are not issued.
Definition of "Transfer Agent" as a party handling tax reporting for shareholders
This definition outlines the “Transfer Agent's” responsibility for managing the tax reporting needs of shareholders, including dividend distribution records.
"Transfer agent" means the entity responsible for handling tax reporting, ensuring shareholders' transactions are correctly documented for tax purposes, including dividend distributions.
Definition of "Transfer Agent" as a provider of shareholder meeting services
Here, the “Transfer Agent” is responsible for organizing and managing shareholder meetings, including proxies and ballots.
"Transfer agent" refers to the entity responsible for organizing and managing shareholder meetings, including the distribution of proxies and ballots.
Definition of "Transfer Agent" as a party responsible for corporate governance compliance
This definition points to the “Transfer Agent's” role in ensuring compliance with corporate governance standards and relevant regulations.
"Transfer agent" means the entity responsible for ensuring that shareholder records and transfers comply with corporate governance standards and regulatory requirements.
Definition of "Transfer Agent" as a handler of securities transfers for private placements
This description focuses on the “Transfer Agent’s” role in handling securities transfers in private placements, which may involve less public oversight than standard transactions.
"Transfer agent" refers to the entity responsible for managing the transfer of securities in private placements, including the issuance and tracking of securities issued in such transactions.
Definition of "Transfer Agent" as a party overseeing transfer restrictions
In this case, the “Transfer Agent” is responsible for enforcing restrictions that may limit the transferability of certain securities.
"Transfer agent" means the entity responsible for enforcing restrictions on the transfer of securities, ensuring compliance with any limitations set forth in the terms of the Agreement.
Definition of "Transfer Agent" as an administrator of share transfers between affiliated entities
This definition focuses on the “Transfer Agent’s” role in managing securities transfers between affiliated companies or entities.
"Transfer agent" refers to the entity responsible for administering share transfers between affiliated entities, ensuring all transfers are documented and processed according to legal and contractual obligations.
Definition of "Transfer Agent" as a provider of services related to mergers and acquisitions
This version highlights the role of the “Transfer Agent” in facilitating securities transfers during mergers, acquisitions, or other corporate restructuring activities.
"Transfer agent" means the entity responsible for facilitating the transfer of securities in mergers, acquisitions, and other corporate restructuring activities.
Definition of "Transfer Agent" as a manager of lost or stolen securities
This description underscores the “Transfer Agent’s” responsibility for managing cases of lost or stolen securities, including reissuance.
"Transfer agent" refers to the party responsible for handling cases of lost or stolen securities, including the reissuance of new securities and proper record-keeping.
Definition of "Transfer Agent" as a party ensuring compliance with anti-money laundering regulations
This definition emphasizes the “Transfer Agent’s” duty to ensure that securities transfers comply with anti-money laundering (AML) regulations.
"Transfer agent" means the entity tasked with ensuring that all securities transfers comply with anti-money laundering (AML) regulations, including due diligence and reporting requirements.
Definition of "Transfer Agent" as an administrator for the issuance of dividends
In this case, the “Transfer Agent” is responsible for the accurate distribution of dividends to shareholders based on the terms outlined in the contract.
"Transfer agent" refers to the entity responsible for the issuance and distribution of dividends to shareholders, ensuring the proper calculation and timely delivery of payments.
Definition of "Transfer Agent" as a service provider for shareholder inquiries
This version focuses on the “Transfer Agent’s” role in responding to shareholder inquiries regarding the transfer of securities or other related matters.
"Transfer agent" means the individual or entity that manages and responds to shareholder inquiries related to the transfer of securities, shareholder meetings, and other record-keeping matters.
Definition of "Transfer Agent" as a custodian for securities pledged as collateral
This definition points out the “Transfer Agent's” role in managing securities that are pledged as collateral, ensuring proper tracking and record-keeping.
"Transfer agent" refers to the party responsible for maintaining records of securities pledged as collateral, ensuring that such securities are properly recorded and transferred as needed.
Definition of "Transfer Agent" as a custodian for dividend reinvestment plans
In this case, the “Transfer Agent” handles the administration of dividend reinvestment plans, including the issuance of new shares in exchange for dividends.
"Transfer agent" means the entity responsible for administering dividend reinvestment plans, including the issuance of new shares and the reinvestment of dividends for participating shareholders.
Definition of "Transfer Agent" as an administrator for employee stock options
This version focuses on the “Transfer Agent’s” role in managing employee stock option programs, including the issuance and transfer of shares to employees.
"Transfer agent" refers to the party responsible for managing employee stock option programs, including the issuance, transfer, and record-keeping of stock options granted to employees.
Definition of "Transfer Agent" as a party handling share certificates for joint owners
Here, the “Transfer Agent” is responsible for managing the issuance and transfer of shares held by joint owners.
"Transfer agent" means the entity responsible for managing the issuance and transfer of share certificates for joint owners, ensuring that all transactions are properly recorded and handled.
Definition of "Transfer Agent" as a provider of services for shareholder identification
This definition highlights the “Transfer Agent’s” role in identifying shareholders and maintaining an accurate list of owners.
"Transfer agent" refers to the entity responsible for identifying shareholders and maintaining an up-to-date list of securities owners for the company.
Definition of "Transfer Agent" as a facilitator of securities pledge releases
This version focuses on the role of the “Transfer Agent” in facilitating the release of pledged securities once the underlying obligation has been fulfilled.
"Transfer agent" means the entity responsible for facilitating the release of securities pledged as collateral, ensuring that the securities are properly returned to the shareholder after the loan or obligation is repaid.
Definition of "Transfer Agent" as a party responsible for maintaining book-entry securities
This description emphasizes the “Transfer Agent’s” responsibility for managing book-entry securities, where ownership is recorded electronically instead of with physical certificates.
"Transfer agent" refers to the entity responsible for maintaining book-entry securities, ensuring that ownership is accurately recorded and electronically tracked.
Definition of "Transfer Agent" as a party managing the transfer of securities in a merger
This definition focuses on the “Transfer Agent’s” role in managing the transfer of securities during a merger or acquisition, ensuring that shareholders are properly compensated.
"Transfer agent" means the entity responsible for managing the transfer of securities during a merger, ensuring that shareholders receive the appropriate securities or cash compensation based on the terms of the merger agreement.
Definition of "Transfer Agent" as a provider of services for unclaimed property
This version outlines the “Transfer Agent’s” responsibility for handling unclaimed property, such as uncashed dividends or un transferred securities.
"Transfer agent" refers to the entity responsible for managing unclaimed property, ensuring that dividends or securities left unclaimed by shareholders are properly handled and reported.
Definition of "Transfer Agent" as a party responsible for overseeing security transfers in bankruptcy
In this case, the “Transfer Agent” is responsible for managing security transfers during bankruptcy proceedings, including the cancellation of debt-related securities.
"Transfer agent" means the entity responsible for overseeing the transfer and cancellation of securities in the event of bankruptcy, ensuring that the process is compliant with legal and regulatory requirements.
Definition of "Transfer Agent" as a service provider for share split transactions
This description highlights the “Transfer Agent’s” role in managing transactions involving share splits, ensuring proper issuance of new shares to shareholders.
"Transfer agent" refers to the entity responsible for managing transactions related to share splits, ensuring that the proper number of new shares are issued to shareholders based on the split ratio.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.