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LSDefine

Simple English definitions for legal terms

stock power

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A quick definition of stock power:

Stock Power: A document that allows someone other than the owner to transfer ownership of a stock or bond to another person. It's like giving someone permission to sell or give away your toy to someone else.

A more thorough explanation:

A stock power is a legal document that allows someone other than the owner of a security to transfer ownership of that security to a third party. It is also known as a stock/bond power.

For example, if John wants to transfer ownership of his stocks to his daughter, but he is unable to do so himself, he can use a stock power to give his daughter the authority to transfer the stocks to her name.

Another example is when a person passes away and their stocks need to be transferred to their heirs. The executor of the estate can use a stock power to transfer the ownership of the stocks to the heirs.

Overall, a stock power is a useful tool for transferring ownership of securities when the owner is unable to do so themselves.

stock-parking | stock-purchase plan

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i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
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