1. The transfer of an asset or security from one owner to another. A legal transfer means that something of value has been given in exchange for the financial instrument. For example, one common exchange is money for a stock. The transaction is thus called a legal transfer.
2. A transfer of a registered security that requires documentation (in addition to stock and bond power) before being valid. For example, in order for the securities registered to a deceased person to be transferred to one's beneficiaries, the beneficiaries must obtain supporting documents for those securities in order to complete the legal transfer. Responsibility for providing documents falls on the selling broker and not the buying broker.
Related information about legal transfer:
- legal transfer - The Free Dictionary
Noun, 1. legal transfer - the voluntary transfer of something (title or possession) from one party to another. livery, delivery · surrender - the delivery of a principal ...
- Legal Transfer - Financial Dictionary - The Free Dictionary
A stock transaction that requires special documentation in addition to standard stock or bond power to be legally valid. Legal Transfer. The transfer of a security ...
- What is legal transfer? definition and meaning
Definition of legal transfer: The transfer of an asset or security from one owner to another. A legal transfer means that something of value has been given in ...
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AR15 Sales, Your source for Rock River Arms firearms and accessories. I am committed to providing customer service that is the standard to which others will be ...
- What Is a Legal Transfer?
The term “legal transfer” is used in two different senses. Both involve the transfer of assets from one person or entity to another and refer to the legal standards ...
- Legal transfer | Define Legal transfer at Dictionary.com
Legal Helpline Call Now www.legalresourceusa.com/ Free Consultation. Local Attorneys Get Help Now! Call 1-800-595-5851. legal transfer. noun. the voluntary ...
- Legal Transfer: Definition from Answers.com
transaction that requires documentation other than the standard stock or bond power to validate the transfer of a stock certificate from a seller to a.
- Legal Transfer and the Legitimation of Law ... - AgEcon Search
1.5 Recent approaches to legal transfer in East Europe and the FSU. 8. 2. ... legal transfer has in the context of the emerging market economies and democratic ...