Transferring Stock

Overview

Use this job aid to transfer all or a percentage of stock from one patron to other patrons.

To transfer stock:

Review all responses to Patronage Setup Information including Stock Class Information and System Integration.
From the Toolbar, click PAT for Patronage.
From the Patronage menu, select Patronage Transactions, and then select Stock/Equity Transfer.
In the Patron Name Id box, click Lookup or type * and press Enter, and then select the name id.
Click OK.
In the Option box, select Stock.
Select a certificate A through E.
Click OK.
At the Transfer This Certificate? prompt click Yes.
In the Issue Stock? box, type Y to transfer the stock as stock, or type N to transfer the stock as stock credits.
Click OK.
In the Number of People Receiving Transfer box, type the number of recipients (up to 48) that the stock will be distributed to. If you split the stock so that a recipient's share is less than the dollar value of one share of stock, that recipient will receive a stock credit.
Click OK.
In the Name Id __ of __ box, type the first recipient the stock will be transferred to. If you are splitting the stock among more than one recipient, you will receive this prompt until 100% of the stock is transferred.
Click OK.
If you are transferring the stock to more than one recipient, in the Percent box, type percentage of stock you want to transfer to this recipient.
Click OK.
If you are transferring the stock to more than one recipient, the Amount box displays the dollar amount for this recipient.
Click OK.
If stock was issued as a result of the stock transfer, the next available certificate number will display in the Next Certificate box.
If you integrate with Accounts Payable, today's date will be assigned in the Transaction Date box.
If you integrate with Accounts Payable, and you issued stock as a result of the transfer, a default voucher will display in the Voucher/Control Number box, press Enter to accept the voucher number, or press Del to use the next sequential control number, or type a new voucher number.
Click OK.

Learn more about Stock/Equity Transfer: