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Sole Proprietor

Transfer and Redemption Requirements

Transfer or redemption of a bond registered to the sole owner of a business.

In the upper box, locate the transaction you would like performed. Use the numbers following the transaction to refer to the numbered requirements that appear in the lower box. These are U.S. Bank Global Corporate Trust Services requirements to transfer or redeem your bond.

Requirements to perform:

Transfer: 1-5
Transfer upon death: 1, 3-8

Payment: 1, 3
Payment upon death: 1, 3, 5-8


Requirements:

  1. The original bond
  2. Endorsement by the Sole Proprietor (must sign in their capacity), with Medallion Signature Guarantee
  3. A letter of instruction
  4. Transfer fee, if required
  5. W-9 for the new registered holder or payee
  6. Court Certified Letter of Testamentary dated within 60 days and listing the executor and the bond
  7. Endorsement by the authorized individual, with Medallion Signature Guarantee
  8. Tax Waiver, if required, listing the bond

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