How do you transfer a stock from one person to another

Fudd

Banned
Apr 30, 2004
1,037
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My uncle passed away a while back and my aunt was made the executor. She just informed me that my uncle left me some stocks. How do get my name on the stock.

Uncles also had a sick sense of humour. He left me stocks in Canfor. I occupied there offices a few years back.

I think I sell it and put it into an environmentally freindly company and a company thats got a future like Ballard Power or something to do with wind power.

I would also like to by into a company that makes vanadium reduce batteries> I think the future is in coop shared electric cars.

http://www.treehugger.com/files/2005/04/the_vanadium_ba.php

A friend told me there is a local company that manufactures vanadium reduce batteries. I think I'll sell the Canfor crap and put it into a local environmetally friendly company. Can't remember what the name of the is company. I don't think its Ballard , they make hydrogen fuel cells technology.
 

bcneil

I am from BC
Aug 24, 2007
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While I wouldn't really want to own canfor right now. Its probably not a wise investment decision to invest a large amount in ballard or the likes. If you have decided to play the evil stock market, why not at least try to make money? I say get yourself a good OIL stock. I believe you can invest in tazer international on the nasdaq, but be careful here with the low loonie
 

visiting

Active member
Oct 23, 2005
997
1
38
right behind you!
Depending on which Bank you go to, tell them you want transfer some stock certificates, and you need someone to guarantee your signature. Normally, there is someone (often the bank manager) who is authorized, and they will have a stamp saying they guarantee your signature, and will have an ID number, beside the signature. (not all banks) Those companies like Compushare or CIBC Mellon who doe much of the transfers, have access to a list of authorized signatures and ID's to match.

fudd , you have one option ,
you cannot do it thru a lawyer ,notary ,executor.
the executor must go to a head of bank or central credit union and get the MEDALLION STAMP SIGNATURE.
most bank managers do not even know what this is , but the head office will.




But as Planetman says most blank employees will have no clue what your talking about, so you may want to call your branch in advance, as chances are you will need an appointment to see the Manager.

It would not hurt to call CIBC Mellon which is Canfor's transfer agent, (I looked) and explain the situation, they will tell you what is required.

Q: Who is the transfer agent?
A: CIBC Mellon Trust Company (Vancouver, BC) 1-800-387-0825 or Inquiries@cibcmellon.com


Good luck.

After you send in your certificate, it normally takes about a week for them to return yours in the mail..
 
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FunSugarDaddy

New member
Aug 15, 2008
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My guess is you need a probated copy of the will and a death certificate. With those two items in hand it should be relatively straight forward.
 
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