Irrevocable Stock Power

Summary

This irrevocable stock power should be executed by the pledgor in blank to facilitate future delivery to a third party upon enforcement by the secured party. This template can be conformed to the terms of your specific transaction. This template includes practical guidance and drafting notes. For a full listing of key content for in-house counsel and corporate secretaries when performing corporate functions, see In-House Corporate Secretary Resource Kit. For a full listing of key content that provides an overview of the creation, perfection, and priority of security interests under the Uniform Commercial Code (UCC), see Security Interests Resource Kit.