Which document is typically used to transfer ownership of shares in a corporation?

The document that is typically used to transfer ownership of shares in a corporation is known as the Stock Power. This instrument authorizes the transfer of ownership of shares from one person to another, providing the necessary details such as the names of the seller (transferor) and buyer (transferee), the number of shares being transferred, and any relevant signatures.

The Stock Power serves as a formal means to ensure that the transfer is executed correctly and is often needed without requiring the original Stock Certificate. This can facilitate smoother transactions and transfers, especially in the context where shares are held in street name or when individual certificates are not physically exchanged.

The other documents listed serve different functions. The Proxy is used to authorize someone to vote shares on behalf of a shareholder, while the Bond Power pertains to transferring ownership of bond securities, which is distinct from equity shares. The Stock Certificate is a physical representation of shares owned but does not itself transfer ownership without the accompanying Stock Power or endorsement. This clarity around the purpose and function of each document highlights why the Stock Power is specifically crucial in the transfer process of corporate shares.