11581. Limited Partnership Transfer Forms
The forms required by Rule 11580 are published in NASD Notice to Members 96-14 (March 1996), pp. 70–75.
| Amended by SR-FINRA-2010-030 eff. Dec. 15, 2010. Adopted by SR-NASD-95-53 eff. Jan. 29, 1996. |
11580. Transfer of Limited Partnership Securities
(a) Each member that participates in the transfer of limited partnership securities, as defined in Rule 2310, shall use standard transfer forms in the same form as set forth in Rule 11581.
11574. Certificate in Name of Deceased Person, Trustee, etc.
(a) A certificate shall not be a good delivery with an assignment or power of substitution executed by a: (1) person since deceased; (2) trustee or trustees, except as provided in paragraph (b) of this Rule, or except for trustees acting in the capacity of a board of directors of a corporation or association, in which case Rule 11571(a) shall apply; (3) guardian, except as provided in paragraph (b) of this Rule; (4) infant; (5) executor
11573. Certificate in Name of Dissolved Firm Succeeded by New Firm
A certificate with an assignment or a power of substitution executed in the name of a firm that has since dissolved and is succeeded by a firm or firms having as general partners one or more of the general partners of the dissolved firm shall be a good delivery only if the new firm or one of the new firms shall have signed the statement "Execution Guaranteed" under a date subsequent to the formation of the new firm so signing.
11572. Certificate in Name of Firm
Unless the endorsement specifies otherwise, there shall be a presumption that stock registered in a firm or business name is registered in the name of a partnership and not a corporation.
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Amended by SR-FINRA-2010-030 eff. Dec. 15, 2010. Selected Notice: 10-49. |
11571. Certificate in Name of Corporation
(a) Transfer Books Open
A certificate in the name of a corporation or an institution, or in a name with official designation shall be a good delivery only if the statement "Proper papers for transfer filed by assignor" is placed on the assignment and signed by the transfer agent.
(b) Transfer Books Closed
Where a certificate, an assignment or a power of attorney is in the name of a corporation and the transfer
11560. Certificate of Company Whose Transfer Books Are Closed
General Requirements
11550. Assignments and Powers of Substitution; Delivery of Registered Securities
(a) General Requirements
Any registered security to be a good delivery must be accompanied by an assignment and a power of substitution (when such power of substitution is required under paragraph (g) of this Rule) conforming to the requirements set forth in Rule 11550 to 11574, inclusive.