A stock power is a document that gives another person the authority to buy or sell shares of stock on your behalf. The person you give this authority to is typically called your broker.
Who is the legal owner of a custodial account? The legal owner of a custodial account is the account holder, who is typically the parent or guardian of the account beneficiary, who is the child. The account beneficiary has the right to withdraw funds from the account, but the account holder has the ultimate authority over the account. Which phrase defines bond energy? The bond energy is the amount of energy required to break a bond between two atoms.
Who signs the stock power?
The person who signs the stock power is typically the registered owner of the shares. The signature on the stock power must match the name on the stock certificate exactly. If the shares are held in a brokerage account, the broker can usually sign the stock power on the owner's behalf.
What is an Irrevocable stock Power Form? A stock power form is an irrevocable document that gives another person the authority to buy or sell shares of stock on your behalf. This form is typically used when you are transferring ownership of your stocks to someone else, or when you are authorizing someone else to trade stocks on your behalf.
Does a stock power need to be witnessed?
There is no requirement that a stock power be witnessed, but it is generally advisable to have one or more witnesses present when the power is executed. This is because the witnessing of the power can provide evidence that the person executing the power did so voluntarily and with the intent to grant the authority described in the power.