Stock Transfer Ledger Help Guide

LegalNature's stock transfer ledger will provide the easiest manner for keeping track of stock issued from your company as well as stock transfers between shareholders. This help guide provides additional details on key aspects of your document.

Date Issued

Remember that the date that the shares are officially issued will be the date as either reflected on the stock certificate or otherwise in another official transfer document, such as a shareholder agreement.

Certificate Number

You may usually locate the certificate identification number by looking near the top of the stock certificate.

Received From

This refers to the party that sold or transferred the stock to the new shareholder of those shares. The party could either be the company itself during a stock issuance or a prior shareholder.

Number and Classes of Shares

It is important to be as accurate as possible when answering this question. Therefore, it is recommended that you use the same language as used on the stock certificate to describe the shares that were transferred.

Note whether the shares are common stock or preferred stock and whether the shares are a part of any class or series. For instance, you might enter "500 Common Stock Class A and 100 Preferred Shares." Keep in mind that many companies do not use classes, in which case you would simply write "500 Common Stock."

Next Steps

The ledger should be kept with the corporate records. It is recommended to also note the transfers in your next corporate meeting minutes recognizing and approving the transfer of shares.

Table of content
Was this helpful? /

Can't find what you are looking for?

Contact us here.