transfer agent

A transfer agent is an agent , usually a commercial bank or trust company, appointed by a corporation to keep legal records of all the corporation's stockholders . The transfer agent updates these records when stock is transferred, issued or canceled.

[Last reviewed in March of 2022 by the Wex Definitions Team ]

Keywords

• llcs-corporations-partnerships

Wex

• COMMERCE
• commercial activities
• securities
• business law
• business organizations
• corporations
• wex definitions
• business sectors
• commercial transactions