Co-Op Transfer Agent Services
A Unique Service Just For Co-Operatives
Our Transfer Agent Service is a unique service which the Flynn Company performs for numerous area cooperatives in the District of Columbia, Maryland and Virginia.
A Transfer Agent serves as the custodian of the Cooperative’s membership records. As the Cooperative’s Transfer Agent, Board members and the management company are relieved from the task of preparing, processing and distributing the paperwork involved in the transfer of ownership (resulting from sales, marriage, divorces, estates, trusts, name changes, and the like).
We work for and on behalf of the Board of Directors of the Cooperative. No ownership documents are prepared, altered or completed without first obtaining the Board’s written approval.
We can provide the Board with various informational reports as well as provide the Board and owners with much needed technical support in connection with name changes, lost ownership documents, transfers to estates and trusts.
Having a Transfer Agent handle the paperwork incidental to a change of ownership in no way usurps any of the Board’s prerogatives.
Highlights of our Transfer Agent Services
- Relieves Board members and management from the task of preparing, processing and distributing the paperwork involved in the transfer of ownership
- Maintains a comprehensive ownership profile on each unit including lien registration (pledges)
- Able to provide much needed technical and legal support
- Available during normal business hours to handle requests from owners, settlement offices, sales agents and lenders** Fee for the transfer service is paid for by buyer at settlement or by the owner who requests a change in ownership status
- Hard copy and computer database files are set up for each unit
- Transfer work is performed for and on behalf of the Board of Directors
- The Transfer Agent will proceed with transfers only after receipt of the Board’s written approval
- No charge to the Cooperative for maintaining this transfer service.
Our duties and responsibilities as Transfer Agent are more fully described in our Transfer Agent Service Agreement. For more information and our Transfer Agent Services, please contact our office at 202-537-1800 or by email: brandon.aefsky@flynnfacts.com
