Assignments And Notarial Acknowledgments

A detached Assignment of a security must contain provision for the appointment irrevocable of an attorney, and substitute, and a full description of the security, i. e., name of Company, Issue, Certificate or Bond Number and amount (the latter written in words and numerals), and must be acknowledged before a Notary Public with seal and date. This description must be in the same handwriting as the other facts stated. A separate Assignment must accompany each certificate or bond.

In the acknowledgment of an Assignment or a Power of Substitution in the name of an individual, the Notary Public must certify with seal and date that he knows the person signing to be the person named in the security, or in the Power of Substitution, and that the signer acknowledged his signature.

An Assignment or Power of Substitution in the name of a firm, the Notary Public must certify that he knows the person and knows him to be, or to have been on the date of the execution, a member of the firm, and that he acknowledged that he executed the Assignment or Power of Substitution as the act and deed of the firm.

In proving, before a Notary Public, an Assignment or Power of Substitution, the witness must make deposition that he knows the person who executed the Assignment or Power of Substitution to be the person named in the security or Assignment, and saw the signer execute the same. For Assignments of Securities in the name of a firm, the witness must make deposition that he knows the party signing to be (or to have been at the date of execution) a member of the firm.

Any alteration in the wording of an assignment must be stated over the signature of the party signing.

Any alteration in a Notarial Acknowledgment must be noted by signature of the Notary.