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Society Share Certificate Transfer Form Template for England and Wales

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Key Requirements PROMPT example:

Society Share Certificate Transfer Form

"I need a Society Share Certificate Transfer Form to transfer 500 community shares from my late grandmother's estate to myself, with the transfer to be completed by March 2025 and including provisions for executor approval."

Document background
The Society Share Certificate Transfer Form is essential for documenting the formal transfer of society shares between parties in England and Wales. This document is required whenever a member wishes to transfer their shareholding in a registered society to another person or entity. It must comply with the Co-operative and Community Benefit Societies Act 2014 and any specific requirements set out in the society's rules. The form captures crucial information including the details of both parties, share certificate numbers, consideration paid, and necessary declarations. It serves as the official record of transfer and must be properly executed and registered with the society.
Suggested Sections

1. Certificate Details: Information about the share certificate being transferred, including certificate number and class of shares

2. Transferor Details: Full name, address and membership number of the person transferring the shares

3. Transferee Details: Full name, address and (if applicable) membership number of the person receiving the shares

4. Transfer Declaration: Formal statement of transfer and consideration amount

5. Execution Block: Signature sections for transferor and witness

Optional Sections

1. Society Committee Approval: Required when society rules mandate committee approval for transfers

2. Nominee Declaration: Required when shares are being transferred to a nominee

3. Joint Holder Details: Required for transfer to multiple holders

Suggested Schedules

1. Schedule 1: Share Certificate Copy: Copy of original share certificate being transferred

2. Schedule 2: Identity Verification: Required documentation for AML compliance

3. Schedule 3: Society Rules Extract: Relevant sections of society rules regarding share transfers

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Industries

Co-operative and Community Benefit Societies Act 2014: Primary legislation governing societies in England and Wales. Contains fundamental rules about share transfers, membership requirements, and basic requirements for share certification.

Companies Act 2006: While not directly applicable to societies, provides relevant principles and analogous guidelines regarding share transfer formalities that may be considered.

FCA Rules: Regulatory framework from the Financial Conduct Authority, which registers and regulates societies. Contains specific guidance on share transfers and regulatory compliance.

Financial Services and Markets Act 2000: Legislation relevant for regulated activities and financial promotions in the context of society share transfers.

Society's Own Rules: The registered rules of the specific society, which must be consulted as they may contain additional or specific requirements for share transfers.

Money Laundering Regulations 2017: Regulations specifying due diligence requirements and identity verification procedures that must be followed during share transfers.

Teams

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