transfer agent

noun

1. 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.

Example Sentences

Instead of relying on old-school paperwork, transfer agents, or settlement systems that take days, the token itself acts as the proof of ownership and can move instantly between approved investors.

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Top Japanese trust banks also have been aggressively expanding into this field of business by leveraging their client base for traditional shareholder record-keeping services as share transfer agents.

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Growing shareholder activism has generated opportunities for Mizuho Trust and other major trust banks as they expand beyond their traditional stock transfer agent business in search of new revenue drivers such as corporate governance consulting.

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He said that provided a level of protection because if he fails to reach his destination, the payment is returned to the family by the transfer agent, who Hussein didn’t identify.

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But under one proposal being considered, the transfer agents would waive that fee until the end of the year, according to proponents.

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