TeachMeFinance.com - explain Registered stock
Registered stock -- In Great Britain registered stock is
stock registered in the name of the owner in the books of the
company issuing it, although the owner receives a certificate
of stock as well. This certificate, however, is not a negotiable
instrument; the possession of it does not carry with it the
ownership of the stock. Before the stock can be transferred to another the signature of the owner (or of his attorney) is
again required ; the certificate must also be surrendered.
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