A rotatable and transferable stanchion assembly includes an elongate body having an upper end portion adapted to receive and secure thereto an accessory, and a lower end portion. A cap is mounted on the lower end portion of the body and has a lower portion with an outer external surface. A location plate, which is fastened to a flat surface, has a socket formed therein shaped for receiving the lower portion of the cap. A stud and bolt assembly secure the cap to the location plate in such a position that the lower portion of the cap is disposed within the socket of the location plate wherein the body and cap are adapted to rotate relative to the location plate. A locking plate of the present invention rotatably locks the elongate body and cap in place with respect to the location plate at a desired angle of rotation.