Transfer agents will require duly signed and
witnessed Stock Power of Attorney with Medallion Signature Guarantee
before it will transfer or remove a restrictive legend.
All share certificates have a Power of Attorney form stamped on the
reverse side of the share certificate. If a holder intends to
send in more then one share certificate for transfer it may be easier
to send a separate Stock Power of Attorney and list out the
certificates attached to this Stock Power. Some people also
prefer to send an executed stock power separately from the share
certificates to avoid possible theft in transit.
Do not sign a Stock Power of Attorney
unless your signature is being witnessed by a member of the
Medallion signature guarantee program. You can obtain a
signature guarantee from a financial institution – such as a
commercial bank, savings bank, credit union, or broker dealer – that
participates in one of the Medallion signature guarantee programs.
The three Medallion signature guarantee programs are the:
- Securities Transfer Agents Medallion
Program (STAMP) whose participants include more than 7,000 U.S. and
Canadian financial institutions.
- Stock Exchanges Medallion Program (SEMP)
whose participants include the regional stock exchange member
firms, and clearing and trust companies.
- New York Stock Exchange Medallion
Signature Program (MSP) whose participants include NYSE member
firms.
Transfer agents can refuse to accept a
signature guarantee from an institution that does not participate in
the Medallion program or that is not recognized by the transfer agent.
For more information about removing US
restrictive legends from share certificates go to:
How Do
You Get the Restrictive Legend off Your US Stock Certificates: Rule
144
POWER OF
ATTORNEY TO TRANSFER BONDS OR SHARES
FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers
unto__________________________________________________________________________
(Name of transferee)
______________________________________________________________________________
(Address)
______________________________________________________________________________
(Description of Security - include number and class of Shares or,
amount (par value), rate and maturity of Bonds)
standing in the name of the undersigned on the books of the
said__________________________
(Government, Municipality, Corporation, etc.)
represented by bond(s)
No.(s)________________________________________________
certificate(s)
and hereby irrevocably constitutes and appoints
_______________________________________
the attorney of the undersigned to transfer the said bond(s) on the
books of the said ___________
________________________________________with full power of
substitution in the premises.
(Government, Municipality, Corporation, etc.)
DATED at __________________________this _____________day of
_____________, 200.
Signed in the presence of
____________________________________
___________________________________
(Signature of person executing this power)
Signature of transferor guaranteed by:
___________________________ *Authorized Signature Number
NOTE: The signature to this assignment must
correspond with the name as recorded on the certificate(s)/bond(s)
in every particular without alteration or enlargement or any change
whatever. The signature of the person executing this power must be
guaranteed by a Bank or Trust Company; or a Member of the Toronto,
Montreal, or New York Stock Exchange.
Alixe B. Cormick
Venture Law Corporation
618 - 688 West Hastings Street
Vancouver, B.C.
V6B 1P1
Phone: 604-659-9188
Fax: 604-659-9178
E-mail Us
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