Illinois Affidavit for Lost, Stolen, or Destroyed Stock Certificate

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Multi-State
Control #:
US-02805BG
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Word; 
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Description

If you lose a stock certificate, whether through fire, theft or some other means, replacing that certificate is a relatively straightforward process. You will need to contact the company's stock transfer agent, and you may have to post a surety bond that will cost approximately 3 percent of the value of the certificates being replaced.
If you do not have an address for the company's stock transfer agent, contact the company and ask for the agent's address. Tell the company's stock transfer agent how many shares have been lost and the approximate date on which they were purchased.

The Illinois Affidavit for Lost, Stolen, or Destroyed Stock Certificate is a legal document that serves as a proof of ownership for individuals who have lost, had stolen, or accidentally destroyed their stock certificates. This affidavit allows individuals to assert their rights and protect their investments in the event of such occurrences. The Illinois Affidavit for Lost, Stolen, or Destroyed Stock Certificate is specifically designed for use in the state of Illinois, ensuring compliance with the state's laws and regulations regarding stock ownership and certificate replacement. It provides a formal declaration of the loss, theft, or destruction of the original stock certificate and establishes the rightful owner's claim to the stock. There are different types of Illinois Affidavit for Lost, Stolen, or Destroyed Stock Certificate that may vary depending on the specific circumstances and requirements. These may include the following: 1. Affidavit for Lost Stock Certificate: This type of affidavit is used when an individual has lost their stock certificate due to misplacement or other similar circumstances. It requires the declaration of the loss, details about the stock, including the company name, stock symbol, number of shares, and any supporting evidence, if available. 2. Affidavit for Stolen Stock Certificate: This affidavit is utilized when an individual's stock certificate has been stolen. It involves reporting the theft to the appropriate authorities, such as the police, and providing details about the stolen certificate, including the company name, stock symbol, number of shares, and any supporting evidence, such as police reports or witness statements. 3. Affidavit for Destroyed Stock Certificate: This affidavit is used when an individual's stock certificate has been accidentally destroyed, such as through fire, flood, or other unforeseen circumstances. It requires the individual to provide details about the destruction, including the company name, stock symbol, number of shares, and any supporting evidence, such as photographs or insurance claim documents. In order to draft a valid Illinois Affidavit for Lost, Stolen, or Destroyed Stock Certificate, it is advisable to consult a legal professional or utilize a predesigned template specific to the state's requirements. This ensures that the affidavit accurately reflects the individual's situation and complies with Illinois laws, safeguarding their rights as a stockholder.

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FAQ

Affidavit of Loss Full legal name of the affiant; Date of birth of the affiant; Address of the affiant; Identifying details of the lost item; The date of loss or discovery of loss; An explanation of the circumstances surrounding the loss; and. The signature and notarization.

Despite there being no legal requirement, some people nonetheless choose to have signatures notarized or witnessed just in case there should later be a dispute about whether someone actually signed the document.

Be as detailed as possible, showing that you made all reasonable efforts to find those documents. If your certificates were destroyed, delete the first provision and explain the circumstances of that event. You must notarize your signature on the affidavit.

If you misplace your stock certificate or believe it was stolen or destroyed, you should immediately contact your transfer agent, or business that handles the records for the company of the stock you hold, and request that a "stop-transfer" order be put against it, similar to what you would do with a lost check.

Maintained ? USA (National/Federal) An affidavit used when a stock certificate has been lost, stolen, or destroyed. This Standard Document has integrated notes with important explanations and drafting tips.

If an investor does not have or loses their stock certificate, they are still the owner of their shares and entitled to all the rights that come with them. If an investor wants a stock certificate, or if it is lost, stolen, or damaged, they can receive a new one by contacting a company's transfer agent.

In some cases, however, an investor may choose to hold a physical share certificate, which details their share ownership. A share certificate can be replaced if it is lost, stolen, or damaged. In order to replace the physical certificate, the shareholder will need to contact the company's stock transfer agent.

The owner must buy an indemnity bond to protect the corporation and the transfer agent against the possibility that the lost certificate may be presented later by an innocent purchaser. The bond usually costs between two or three percent of the current market value of the missing certificates; and.

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Describe the stock that was lost as best as you can. Insert the number of shares, the par value, the type of stock that the certificates represented (e.g., ... An affidavit used when a stock certificate has been lost, stolen, or destroyed. This Standard Document has integrated notes with important explanations and ...This is your opportunity to explain the steps that you've taken to find the lost or stolen certificates. Be as detailed as possible, showing that you made all ... If you lose a stock certificate, whether through fire, theft or some other means, replacing that certificate is a relatively straightforward process. Aug 8, 2012 — The answer lies in replacing the subsidiary's lost stock book and in generating a new stock certificate to replace the lost, stolen or destroyed ... Nov 9, 2017 — Instant access to fillable Microsoft Word or PDF forms. Minimize the risk of using outdated forms and eliminate rejected fillings. Largest forms ... [corporation] to issue new certificates to replace those that have been [lost, stolen, destroyed]. I hereby agree to surrender to [corporation] the original ... Replacing Securities Certificates · The owner must state all the facts surrounding the loss in an affidavit; · The owner must buy an indemnity bond to protect the ... The bidder is responsible for making a complete report and shall make ... CFR Part 26 and listed in the Illinois Unified Certification Program (IL UCP) DBE ... Report within a reasonable time of complete and correct original document submittal should contact the department as to the status. Firms unsure as to ...

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Illinois Affidavit for Lost, Stolen, or Destroyed Stock Certificate