Delaware Code Title 12 Sec. 3532 – Transfer of stocks, bonds or other corporate securities by trustee; …
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Upon the transfer by trustees of the stocks, bonds or other securities of any corporation, the certificate of the Register of the Court of Chancery in which such trustee was appointed or other proper public official, according to the form and provisions of § 1572 of this title, shall be sufficient authority to the officers of such corporation to transfer or reissue such stocks, bonds or other securities to such person as such trustee in writing directs.
20 Del. Laws, c. 115, § ?5; Code 1915, § ?3878; Code 1935, § ?4402; 12 Del. C. 1953, § ?3532;
Terms Used In Delaware Code Title 12 Sec. 3532
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Court: means the Court of Chancery. See Delaware Code Title 12 Sec. 39A-101
- Trustee: A person or institution holding and administering property in trust.