New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCE
Chapter I - Franchise and Certain Business Taxes
Subchapter G - Stock Transfer Tax
Part 51 - Transfers
Section 51.1 - Transfers-whether or not by sale

Universal Citation: 20 NY Comp Codes Rules and Regs ยง 51.1

Current through Register Vol. 46, No. 12, March 20, 2024

(a) Transfer by sale. A certificate of stock or other corporate certificate which is presented for transfer shall, if the transfer was by sale and the tax was paid by the use of adhesive stamps, be accompanied either by a bill or memorandum of sale showing the sale price or by a certification signed by the seller and stating the price per share at which the shares were sold.

(b) Transfer not by sale. A certificate of stock or other corporate certificate which is presented for transfer shall, if the transfer was other than by sale and the tax was paid by the use of adhesive stamps, be accompanied by a certification signed by the transferor and stating that the shares were transferred other than by sale.

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