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The Transfer units wizard is used to transfer title in units from a person or corporation to another person or corporation.
How to transfer title in units
Select and open the corporation. See Selecting a corporation. The corporation opens at the Details tab.
Click Transfer units on the Task Bar. The Transfer Units wizard opens.
Click the drop-down under Select the member… and select the member who is currently listed as holding the units.
Click Next.
The Enter transfer details window opens.
Enter the Date of transfer (dd/mm/yyyy) or select the date from the drop-down calendar.
Select whether the transferring member wants to transfer All units held or Some units held. If you select Some units held, enter the number to be transferred.
Enter the Amount paid for the unit transfer.
Click Next.
Select the unit holding to be transferred.
Click Transfer…
The Member Details for the Transfer screen opens.
Select the transferee using either the: Select member from existing members and officers list drop-down or Select member from the full contact list. Click then search for the company or person.
Enter the number of Units to transfer.
Select Yes or No to indicate whether the transferee is the Beneficial owner. A beneficial owner of stock is any person or entity with sole or shared power to vote or dispose of the stock. This SEC definition is intended to include a holder who enjoys the benefits of ownership although the shares may be held in another name.
Click OK. The Transfer Units screen reopens, displaying all details, including the transferred units. If the transferee details are wrong, click Undo and repeat the above steps. If more units are listed as remaining to transfer, select another certificate and repeat the steps from Step 11.
Click Next. The Select the joint holders for the transferees screen opens.
If the units are Not to be held by joint holders, then proceed to Step 19. To be held by joint holders, then:
Click Joint Holders… The Joint holders screen opens.
Click Add. The Find a contact screen opens.
Search for the company or person
Click OK and Close.
Click Next. The Confirm the unit transfer details screen opens.
If the details are: Incorrect, click Back to correct the data. Correct, click Next. The Select documents screen opens.
Select the documents you require.
Click Next. The Minutes of trustees meeting... screen opens.
Enter the meetingdetails.
Click Next. The Finish screen opens.
Select the documents you want to preview.
Click Finish. The documents open in the Print preview screen.
