I Own The Shares, But My Dad Signed Them

actually your dads signature is need for verification purpose so you cant just sell it.Also you can pay your dividend in your account.

am sorry you may not be able to lodge your dividend warants into your savings account, except the accounts are hybrid in nature by these i mean they possess attributes of both the savings and current accounts. again, if i may ask, why do you want to sell the stocks without your fathers consent?

i just hope you are not making a mistake. cos i can sense a sinister motive that may cause you pains if care is not taken. a word is enough for a wise

I slightly disagree seun.

It can only be his right subject to the consent of his Dad who in fact signed the share certificates.

Besides, he should also have difficulties lodging a dividend warrant that bears his Dad's name in his bank account.

@Koboland

Thank you for the clarification!

Since the shares were purchased in your name, i presume that the dividend warrants were also issued in your name and to that extent, i am of the view that you should be able to lodge them in your account.

I am afraid however that you may not be able to sell the shares whose certificate bears your name without the consent of your Dad who signed the purchase form in the first place.

Very correct Seun and i entirely agree with your proposition.

Meanwhile, it would appear that only his Dad (regardless of Koboland's age), that can confirm whether purchase of the shares was indeed a gift or otherwise. It is not uncommon for people to buy properties especially shares in the names of their children not necessarily with the intention of giving it to them but oftentimes as some vehicle for investing.

My position would however be different if Koboland can confirm to us that there was a specific agreement or proof between himself and his father that demonstrates that the shares in question was a gift.

@Koboland


Please refer to my earlier views in the above post.

Regards