Faq

One kind of power of attorney that allows someone other than the owner to give ownership of shares to a third party is a stock power Bimax Services Registrar can assign ownership of stocks to a third party in the event that Bimax Services receives a fully executed stock power.

A stop transfer is an order issued against a specific stock or bond certificate that has been reported lost, stolen, or misplaced. Transfers are thus not allowed until the security has been found or altered.

The exact day that the security's issuer designates as the record date is used to determine whether owners are qualified to receive a payment or dividend.

A known date for the payment of stock dividends. The day when a declared stock dividend is anticipated to be disbursed to shareholders is known as the payment date.

A business move known as a stock split occurs when a corporation increases the number of current shares into numerous shares. Even if the number of shares increases by a certain amount, the split's actual value is retained, thus the total dollar worth of the shares stays the same. Stock splits are carried out, among other reasons, when a company's share price has increased to the point that investors can no longer afford to buy the stocks. Other names for the phrase "stock split" include "scrip issue," "bonus issue," "capitalization issue," and "free issue."

A seal applied on securities to confirm the legitimacy and legal authority of a signature on a certificate or stock power is known as a Medallion Guarantee. A Medallion Guarantee is offered by an approved organization, such as a trust business, broker, or commercial bank. Only companies who are a member of an officially recognized program are permitted to provide this Medallion Guarantee.

Please contact us by phone or email as soon as possible if you misplace a stock certificate so that we can mark the certificate as "STOP." Once the "STOP" has been established, it could be necessary to complete the "lost instrument bond" form.