Regulation of Liquidation Processes
The United States Stock Transfer & Liquidation Agency (USSTLA) is a federally regulated authority responsible for overseeing and coordinating voluntary liquidations, corporate dissolutions, and shareholder protection within the United States.
Operating under federal mandate, and in close collaboration with the Securities and Exchange Commission (SEC), the Internal Revenue Service (IRS), and state and federal courts, USSTLA ensures that all dissolutions and liquidations are carried out in strict compliance with U.S. law.
We ensure compliance in the liquidation of public corporations, whether voluntary or due to bankruptcy. Our role includes maintaining regulations and working closely with state regulators and the SEC.
Our Mission
Our Vision
As the federal regulator, we oversee all liquidations, ensuring that proper procedure is followed. We prioritize adherence to rules, facilitating a fair and transparent process for all stakeholders involved.
Liquidation Regulations Overview
We ensure compliance with liquidation rules for public corporations, both voluntary and bankruptcy cases.
Compliance Assurance
Our team works closely with state regulators and the SEC to uphold liquidation regulations effectively.
Application for replacement share certificate/ Certificate of liquidation.
Download the necessary application for the certificate of liquidation directly from our website for convenience.
Contact us for assistance with your case file and agent details to ensure smooth processing.
Expert Guidance
RESPONSIBILITIES OF TRANSFER AGENTS
A transfer agent is an SEC-registered entity that manages and maintains shareholder records for publicly and privately held companies. They play a key role in corporate actions like dividends, liquidation payouts, proxy voting, and stock transfers.
⚖️ REGULATIONS GOVERNING TRANSFER AGENTS
1. Securities Exchange Act of 1934
Section 17A: Establishes the legal foundation for transfer agent regulation.
Requires agents to be registered with the SEC and comply with federal rules.
📜 2. SEC Rules and Regulations
Rule 17Ad-1 to 17Ad-20: Defines processing times, reporting, and fraud protections.
Key requirements include:
Timely transfer of ownership
Accurate recordkeeping
Prevention of unauthorized transactions
Handling of escheatment (unclaimed property laws)
🔐 3. Anti-Money Laundering (AML) & KYC Compliance
Transfer agents must verify identity before releasing funds or shares:
Comply with Bank Secrecy Act (BSA)
Run checks against OFAC Sanctions List
Follow USA PATRIOT Act KYC protocols
📬 4. State Escheatment Laws
Unclaimed dividends or cash distributions are subject to state unclaimed property laws.
Varies by state, but generally 3–5 years of inactivity triggers escheatment.
Regulation
Ensuring compliance in public liquidation processes.
Compliance
Liquidation
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Tel: + 1 202 773 7237
Email: contact@gov.usstla.site