Change Owner Name

State:
Multi-State
Control #:
US-00480
Format:
Word; 
Rich Text
Instant download

Description

The Transfer of Stock form is designed to facilitate the change of ownership for shares of stock in a corporation. This form allows an individual to sell, transfer, and assign their shares to another person or entity while revoking any previous ownership claims. Key features include the ability to appoint an attorney-in-fact for executing the transfer and options for processing transfers for lost certificates or partial ownership. The form is crucial for ensuring proper record-keeping in corporate share transactions, which is essential for compliance with corporate laws. Filling out this form requires stating the number of shares transferred, the recipient's details, and the corporation’s information. Attorneys, partners, and associates will find this form invaluable in managing client transactions, while paralegals and legal assistants will benefit from the clear instructions for filling out the form to avoid errors. The straightforward language used in the form makes it accessible for users with varying levels of legal experience. It serves multiple use cases, including full ownership transfers, partial transfers, and handling lost share certificates, making it a versatile tool in corporate governance.

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FAQ

If the owner and the settlor are the same person, complete Part II of form DTF-802 for a gift. Complete the donor section and the recipient section. The person who is the owner of the vehicle must complete the seller sections on the back of the certificate. The owner must sign the title certificate as the seller.

To transfer a vehicle between family members, submit the following: The California Certificate of Title properly signed or endorsed on line 1 by the registered owner(s) shown on the title. Complete the new owner information on the back of the title and sign it.

To show possession using an apostrophe, add 's for individuals (?Smith's car?) and just the apostrophe after the s for plurals (?the Smiths' car,? ?the Martinezes' dog?). By convention, names from classical mythology and the Bible ending in s show possession with the apostrophe only (?Jesus' teachings?).

It is your responsibility as the seller to ensure it is done correctly. Complete and sign the change of ownership section on the back of the Vehicle Registration Certificate (VRC). The buyer must sign the same form. Send the completed form to the Department of Transport for updating (see 'Where to apply').

The owner and the settlor must complete Statement of Transaction- Sale or Gift of Motor Vehicle, Trailer, All-Terrain Vehicle (ATV), Vessel (Boat), or Snowmobile (PDF) (at NY State Department of Tax and Finance) (DTF-802). If the owner and the settlor are the same person, complete Part II of form DTF-802 for a gift.

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Change Owner Name