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Ownership & Name Changes

Change of ownership

Change of ownership for an existing CNS endorsed agent must be formally notified to CNS as per Part III, Section 3 (pdf) of the CNS Cargo Agency and Authorized Intermediary Agreement.​

Change of ownership involving more than 50% of the total issued voting stock is to be notified at least 30 days prior to the transaction by means of the CNS Notice of Change (pdf).

Documentation

The following additional documentation is to be furnished after the event takes place:

  • Schedule A (pdf)
  • Compilation report prepared by a CPA or corporate tax return if closing date is no more than six months of submission of the change of ownership
  • Bank statements for the last three months of the financials
  • Certificate of merger, if applicable
  • Name change can be processed along with the change of ownership at no additional fee (refer to the change of name procedure)
  • $800 fee

Note: For qualifying events and additional information about the preparation of the financials, please refer to Section 9 (pdf) of the Cargo Membership Handbook. Changes of ownership involving less than 50% of the total issued voting stock only require to provide notice in writing to CNS by means of Schedule A(pdf).

Change of name

Change of name of an existing CNS endorsed agent must be notified to CNS as perPart III, Section 3 (pdf)of the CNS Cargo Agency and Authorized Intermediary Agreement.​

Documentation

The following documentation is to be furnished:

  • Amended articles of incorporation
  • Copy of a bank statement reflecting the new name of the company or a letter from your bank acknowledging the change of corporate name
  • $250 fee

In the event that a trade name will be added, the following documentation is to be submitted:

  • Copy of the fictitious name registration
  • Copy of a bank statement reflecting the new trade name or a letter from your bank indicating they have been advised of the addition of the trade name
  • $250 fee

In the event that a trade name needs to be removed, the following documentation is to be submitted:

  • Notice in writing
  • $150 fee

 

Note: For details please make sure to read Section 9 (pdf) of the Cargo Membership Handbook.
Please submit all documents to the CNS Customer Portal.​