News > GCC News > ESTATE STOCK REDEMPTIONS - DON'T MISS THE DEADLINE!

ESTATE STOCK REDEMPTIONS - DON'T MISS THE DEADLINE!

Apr 08, 2022

By Kelly Drees, CFO

Estate stock redemptions are taken to the board for review semi-annually in April and October. The Garden City Co-op, Inc. shall redeem at par value to the authorized administrator of heirs, all stock belonging to the estate. All applications must be in writing and in no case will payment be made prior to eight months from date of death. Be sure to have your applications into the main office by April 20th, 2022.

If the estate wants the stock transferred to the heirs rather than cash, the amount of the stock to be transferred to the individuals are based on the percentage stipulated by the will or court documents. Upon transfer of the stock, the original date of issue is maintained.

To complete an estate redemption application or a transfer of stock application, please contact the main office at 620-275-6161 to speak with Chris Murphy or Kelly Drees.


Read More News

May 13, 2022
R7 is an in-season precision farming tool that provides product performance and critical field information for developing and evaluating field zones. In this article we go over several aspects...
May 06, 2022
Wheat harvest is one of the most exciting times of the year – and it’s just around the corner. We've got a few pre-harvest best practices to consider to help harvest go as smoothly...
Apr 29, 2022
Check out our career page for a list of all available career opportunities!