Legal Definitions - assented stock

Assented stock is a type of stock that an owner deposits with a third person according to an agreement by which the owner voluntarily accepts a change in the corporation's securities.

Example: John owns 100 shares of XYZ Corporation. The corporation decides to issue new shares, and John agrees to deposit his 100 shares with a third party in exchange for the new shares. This is an example of assented stock.

This example illustrates how an owner can voluntarily agree to change their ownership in a corporation by depositing their shares with a third party in exchange for new shares.