transfer agent

noun

a person, bank, or trust company officially designated to act for a corporation in executing and recording the transfers of its stock from one legal owner to another.

The wind had risen till the big umbrella of the transfer agent threatened to go sailing skyward like a yellow parachute.

As transfer agent, the company attends to perfecting transfers of ownership for stock and bond issues or parts thereof.

For acting as registrar or as transfer agent it is usual to make a fixed charge per annum, based on the amount of labor involved.

The transfer agent is usually paid about twice as much as the registrar.

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