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The transfer agent maintains records of a corporation's stock and bond owner plus mails and cancels old certificates as necessary, true or false?

A transfer agent transfer stock certificates, bond certificates, and proxies. It also keeps record of stock and bondholders.
The transfer agent maintains records of a corporation's stock and bond owner plus mails and cancels old certificates as necessary, true or false?
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The transfer agent maintains records of a corporation's stock and bond owner plus mails and cancels old certificates as necessary, true or false?
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