Which statements are accurate regarding operations for corporate trust accounts?

The statement regarding maintaining ownership records being one of a transfer agent's primary duties is accurate. Transfer agents play a crucial role in the management of corporate trust accounts, and a key responsibility is to keep accurate and up-to-date ownership records of shares issued by the corporation. They maintain these records to ensure that the ownership details are accurate for transactions such as stock transfers, dividend distributions, and shareholder communications. This function is essential because it helps facilitate the proper administration of the stock ownership and ensures that shareholders receive their dividends and other entitlements without discrepancies.

In the context of corporate trust operations, this role is foundational to maintaining the integrity of the capital markets and efficient communication between the issuing company and its shareholders. Having reliable ownership records also aids in compliance with regulatory requirements and helps prevent issues related to false ownership claims or administrative errors. Thus, recognizing the importance of this responsibility helps to clarify the significant function that transfer agents serve in the corporate trust framework.