The Direct Registration System is a system for book-entry ownership. It is a service in which shares are owned, recorded and transferred electronically without issuing a physical share certificate. Instead of being represented by a physical share certificate, shares are held in registered form and recorded electronically on the books and records, which are maintained by Securities Transfer Corporation ("STC"). This book-entry form of ownership permits shareholders to hold and transfer share(s) in a new way. Shareholders still have all the traditional rights and privileges afforded to shareholders, without the necessity of having a physical certificate. A physical share certificate can still be issued upon request.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.