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

ESTATE STOCK REDEMPTIONS - DON'T MISS THE DEADLINE! (Spring)

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.

HAVE YOU MOVED?

Please update your current address with us for your 1099 information.  
 


Read More News

Dec 02, 2022
Earn a $50 gift card for every 100 gallons of high-quality Cenex oils, hydraulic fluids and gear lubes you buy between November 1st 2022 and February 28 2023!
Nov 25, 2022
Growers have been dealing with variability since the beginning of time but today they can harness the power of Zone Mapping to take back control of the variables. 
Nov 25, 2022
Would you like free tickets to a KC Chiefs Game? We're giving away FOUR tickets to one lucky contestant!