Loading...
 
Skip to main content

Blank Transfer

Where the name of the transferee is left blank on share transfer form, it constitutes a blank transfer. A person depositing shares with a stock broker for immediate or eventual sale, has to sign a blank transfer form. It is also done when shares are mortgaged, so that in the event of non payment the mortgager can fill in his own name in the transferee column and sell the share.

Page last modified on Wednesday November 27, 2013 13:36:19 GMT-0000