Why is the process for claiming stock longer than claiming cash?
Stocks take longer to process because a transfer agent must issue a new stock certificate, which can take up to 30 days. Longer delays can be avoided if a claimant provides the Abandoned Property Division with their brokerage account number and the “DTC” number of their brokerage company. A claimant can obtain this information by contacting their respective brokerage company.
Stocks take longer to process because a transfer agent must issue a new stock certificate, which can take up to 30 days. Longer delays can be avoided if a claimant provides the Abandoned Property Division with their brokerage account number and the DTC number of their brokerage company. A claimant can obtain this information by contacting their respective brokerage company.
