What is a Consolidated Transfer?
A consolidated transfer is an allotment or transfer of shares from many share certificates to one.
Say you have two shareholders called Andrea and Bob who want to sell their shares to Chris.
To start, Andrea holds 50 shares on Share Certificate No. 1, Bob holds 50 shares on Share Certificate No. 2 and they want to transfer their shares so that Chris will hold 100 shares on Share Certificate No. 3.
In the Register of Share Transfers, both transactions will show as being transferred from Share Certificate No.'s 1 and 2 to Share Certificate No. 3. The result would be a "consolidated share certificate".
This is what we refer to as a "consolidated transfer".
Say you have two shareholders called Andrea and Bob who want to sell their shares to Chris.
To start, Andrea holds 50 shares on Share Certificate No. 1, Bob holds 50 shares on Share Certificate No. 2 and they want to transfer their shares so that Chris will hold 100 shares on Share Certificate No. 3.
In the Register of Share Transfers, both transactions will show as being transferred from Share Certificate No.'s 1 and 2 to Share Certificate No. 3. The result would be a "consolidated share certificate".
This is what we refer to as a "consolidated transfer".
Updated on: 05/03/2024
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