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administrative stop transfer/administrative hold

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18:55 Feb 15, 2007
This question was closed without grading. Reason: No acceptable answer

English to German translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: administrative stop transfer/administrative hold
ADMINISTRATIVE STOP TRANSFER REQUIREMENTS:

Administrative holds can be placed on certificates in which a bonafide claim can be made by an appropriate person.

If an appropriate person wishes to place an administrative stop transfer (administrative hold) on a certificate, the following must be received prior to placement of the stop:

1. Formal notice from the appropriate person authorizing the stop transfer with letter outlining the reason for such action and the intent to pursue a TRO from a Court of competent jurisdiction.
2. Check for $100 per certificate involved in the stop transfer.

Thanks for your help!
Stefanie Sendelbach
Germany
Local time: 07:34
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