The CFO is responsible for updating the Stock Transfer Journal Template and reconciling totals on a monthly basis. The CFO is responsible for overseeing all transfers of common stock by shareholders. All transfers are directed to the company with appropriate written instructions for the transfer and require the original stock certificate with proper endorsement on the back.
The CFO will ensure proper cancellation of the original certificate and preparation, signing, and issuance of new stock certificates within ten (10) business days of receipt of the transfer instructions. RC1080-2 STOCK TRANSFER LEDGER should include date of transfer, name of shareholder, certificate number surrendered, and other information.