Holder-Of-The-Record Agreement is a legal document that was released by the Arkansas Department of Public Safety - a government authority operating within Arkansas.
Q: What is a Holder-Of-The-Record Agreement?
A: A Holder-Of-The-Record Agreement is an agreement between the registered owner of a security and a financial institution that acts as a recordkeeper and administrator of the security.
Q: What is the purpose of a Holder-Of-The-Record Agreement?
A: The purpose of a Holder-Of-The-Record Agreement is to provide a centralized system for the maintenance and management of securities ownership records.
Q: Who is involved in a Holder-Of-The-Record Agreement?
A: The parties involved in a Holder-Of-The-Record Agreement are the registered owner of the security and the financial institution that acts as the recordkeeper and administrator.
Q: What are the benefits of a Holder-Of-The-Record Agreement?
A: The benefits of a Holder-Of-The-Record Agreement include simplified recordkeeping, ease of transfer of ownership, and access to shareholder services offered by the financial institution.
Q: Is a Holder-Of-The-Record Agreement required by law?
A: No, a Holder-Of-The-Record Agreement is not required by law. It is a voluntary agreement between the security owner and the financial institution.
Form Details:
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Arkansas Department of Public Safety.