Series 24: Coupon Bonds

Coupon Bonds

Coupon bonds must have their coupons securely attached to the bonds in the correct place with the correct serial numbers. It’s the option of the purchaser whether to accept cash or check in lieu of missing coupons.

Sample Question

Which of the following would be considered proper assignment that would be acceptable to a transfer agent?

1. I. The owner of record signs her correct married name even though it does not match the printed certificate and she has a bank guarantee the signature.
2. II. The owner of record signs her maiden name, which exactly matches the name on the certificate, and her married name and adds “one and the same person,” and she has a clearing firm guarantee the signature.
3. III. The owner of record signs her name exactly as it is found on the certificate, but does not guarantee the signature.
4. IV. The owner signs a separate stock power with exactly the same name as