A corporation may issue substitute certificates for those that have been lost or stolen. In many jurisdictions, the remedies with respect to replacing lost, destroyed, or stolen certificates are now covered by statutes. In issuing a new certificate to replace one that is lost or stolen, the corporation has the right to indicate on the certificate that it is a "duplicate." Generally, the owner of stock cannot compel the corporation to issue a new certificate to him or her in place of one that he or she claims has been lost or stolen, without agreeing to indemnify the corporation or an giving an indemnity bond for the corporation's protection.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Maryland Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document that serves as evidence of the transfer or issuance of new stock certificates in a Maryland corporation. This affidavit is typically required when a stockholder of a Maryland corporation either needs to replace a lost or stolen stock certificate or wants to transfer their shares to another party. The affidavit includes various important details such as the name and address of the stockholder, the number of shares held, the reason for requesting a new stock certificate, and any supporting facts that can validate the need for the new issuance. It is crucial to provide supporting facts such as proof of loss or theft, a copy of a court order, or any other relevant documentation that substantiates the request. Different types of Maryland Affidavits for Issuance of New Stock Certificates with Supporting Facts may exist depending on the specific circumstances of the issuance. Some common types include: 1. Affidavit for Replacement of Lost Stock Certificate: This affidavit is used when a stockholder has lost their original stock certificate and needs a replacement. It will require the stockholder to provide details about when and how the loss occurred, any efforts made to retrieve the certificate, and an indemnification clause protecting the corporation from any losses or claims related to the lost certificate. 2. Affidavit for Replacement of Stolen Stock Certificate: This affidavit is similar to the one for a lost stock certificate but is used when the stockholder's certificate has been stolen. The affidavit will include details of the theft, any police reports filed, and an indemnification clause. 3. Affidavit for Transfer of Stock: This type of affidavit is used when a stockholder wishes to transfer their shares to another person or entity. It requires the stockholder to provide details about the transferee, including their name, address, and contact information. Supporting facts may include a copy of the transfer agreement, purchase agreement, or any other relevant documentation that supports the transfer. Regardless of the specific type of Maryland Affidavit for Issuance of New Stock Certificate with Supporting Facts, it is essential to ensure that all information provided is accurate and supported by relevant documentation. This will help facilitate a smooth and legally sound process for issuing or replacing stock certificates in a Maryland corporation.
