Michigan 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 Michigan Affidavit for Lost, Stolen, or Destroyed Stock Certificate is a legal document used in the state of Michigan when an individual has lost, had stolen, or destroyed their stock certificate. This affidavit serves as a declaration made under oath, affirming the circumstances of the loss, theft, or destruction of the stock certificate. When filing the Michigan Affidavit for Lost, Stolen, or Destroyed Stock Certificate, it is crucial to include all relevant information to provide a clear outline of the situation. The affidavit typically requires the following details: the name and address of the stockholder, the name of the corporation issuing the stock certificate, the number of shares represented by the certificate, the certificate number, and any distinguishing features of the certificate (such as serial number or seal). It is important to note that there are no specific types of Michigan Affidavits for Lost, Stolen, or Destroyed Stock Certificates based on different circumstances. However, the document may need to be tailored to reflect the individual circumstances of the loss, theft, or destruction. For instance, if the stock certificate was stolen, additional information such as the date and location of the theft may be required. The purpose of the Michigan Affidavit for Lost, Stolen, or Destroyed Stock Certificate is to provide a formal statement to the issuing corporation declaring the loss, theft, or destruction of the stock certificate. By submitting this document, the stockholder seeks to request the corporation to issue a new stock certificate in replacement of the lost, stolen, or destroyed one. It is important to follow the guidelines and requirements set by the issuing corporation when completing the affidavit. Typically, the completed document must be notarized, indicating that the individual signing the affidavit has sworn to the accuracy and truthfulness of the information provided. In conclusion, the Michigan Affidavit for Lost, Stolen, or Destroyed Stock Certificate is a legal document used to formally declare the loss, theft, or destruction of a stock certificate. This document helps facilitate the issuance of a new stock certificate by providing necessary information and a sworn statement.

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How to fill out Michigan Affidavit For Lost, Stolen, Or Destroyed Stock Certificate?

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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.

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.

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.

If you need or want to have physical proof of ownership, you can request a replacement for lost or stolen certificates. You'll need to reach out to the issuing company to start the process. A transfer agent will check the company's records to verify your ownership of the shares.

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.

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.

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.

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.

Interesting Questions

More info

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., ... If you lose a stock certificate, whether through fire, theft or some other means, replacing that certificate is a relatively straightforward process.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 ... 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 ... (hereinafter called the “Securities”) were lost, stolen, or destroyed. (3) The sole and absolute owner of the Securities is: (A) The undersigned. (B) The ... (1) In case a certificate for shares of a corporation is lost, stolen or destroyed, a new certificate may be secured as provided for lost or destroyed ... An affidavit used when a stock certificate has been lost, stolen, or destroyed. This Standard Document has integrated notes with important explanations and ... A corporation may issue a new certificate for shares or fractional shares in place of a certificate theretofore issued by it, alleged to have been lost or ... If your securities certificate is lost, accidentally destroyed, or stolen ... The owner must state all the facts surrounding the loss in an affidavit;; The ... complete the form and submit a court certificate or certified copy of your ... Mark the appropriate boxes and provide complete details of the loss, theft, or ...

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Michigan Affidavit for Lost, Stolen, or Destroyed Stock Certificate