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 Minnesota Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document used in the state of Minnesota to request the issuance of new stock certificates by a corporation. This affidavit is typically required when there is a need to replace lost, damaged, or stolen stock certificates, or when there is a transfer of ownership due to inheritance, sale, or gift. When preparing this affidavit, it is essential to provide accurate and detailed information to support the request for the issuance of new stock certificates. The affidavit should include the following key elements: 1. Affine Information: Begin the affidavit by stating the full legal name, address, and contact information of the affine, who is the person making the sworn statement. 2. Corporation Details: Include the full legal name of the corporation, its address, and its contact information. It is crucial to specify that the corporation is registered and operates in Minnesota. 3. Stock Certificate Details: Provide a detailed description of the stock certificates that require replacement or reissuance. Include the certificate numbers, the number of shares represented by each certificate, and the date they were originally issued. 4. Supporting Facts: Present the reasons for the replacement or reissuance of the stock certificates. If the certificates were lost, describe the circumstances of the loss and include any relevant supporting documents, such as police reports or affidavits from witnesses. If the certificates were damaged, clearly explain how they became impaired. In the case of a transfer of ownership, provide supporting documents like a will, bill of sale, or gift letter. 5. Signature and Notarization: Affine should sign the affidavit, attesting to the truthfulness of the statements made within. The affidavit must be notarized by a certified notary public in Minnesota to validate its authenticity. It's important to note that while the Minnesota Affidavit for Issuance of New Stock Certificate with Supporting Facts is a general term, different types of stock certificate affidavits may exist, depending on the specific circumstances. Some examples include: 1. Affidavit for Lost Stock Certificate: This type of affidavit is used when a stock certificate is lost or misplaced, and the owner seeks a replacement from the corporation. 2. Affidavit for Stolen Stock Certificate: When a stock certificate is stolen, this affidavit is utilized to inform the corporation and request reissuance of the stolen shares. 3. Affidavit for Damaged Stock Certificate: This affidavit is necessary when a stock certificate is damaged or defaced, making it unfit for use. The owner provides details on the nature of the damage and seeks a new certificate. In conclusion, the Minnesota Affidavit for Issuance of New Stock Certificate with Supporting Facts is an important legal document used to request the replacement or reissuance of stock certificates in Minnesota. By providing accurate information and supporting evidence, individuals can ensure a smooth and valid process in obtaining new stock certificates.The Minnesota Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document used in the state of Minnesota to request the issuance of new stock certificates by a corporation. This affidavit is typically required when there is a need to replace lost, damaged, or stolen stock certificates, or when there is a transfer of ownership due to inheritance, sale, or gift. When preparing this affidavit, it is essential to provide accurate and detailed information to support the request for the issuance of new stock certificates. The affidavit should include the following key elements: 1. Affine Information: Begin the affidavit by stating the full legal name, address, and contact information of the affine, who is the person making the sworn statement. 2. Corporation Details: Include the full legal name of the corporation, its address, and its contact information. It is crucial to specify that the corporation is registered and operates in Minnesota. 3. Stock Certificate Details: Provide a detailed description of the stock certificates that require replacement or reissuance. Include the certificate numbers, the number of shares represented by each certificate, and the date they were originally issued. 4. Supporting Facts: Present the reasons for the replacement or reissuance of the stock certificates. If the certificates were lost, describe the circumstances of the loss and include any relevant supporting documents, such as police reports or affidavits from witnesses. If the certificates were damaged, clearly explain how they became impaired. In the case of a transfer of ownership, provide supporting documents like a will, bill of sale, or gift letter. 5. Signature and Notarization: Affine should sign the affidavit, attesting to the truthfulness of the statements made within. The affidavit must be notarized by a certified notary public in Minnesota to validate its authenticity. It's important to note that while the Minnesota Affidavit for Issuance of New Stock Certificate with Supporting Facts is a general term, different types of stock certificate affidavits may exist, depending on the specific circumstances. Some examples include: 1. Affidavit for Lost Stock Certificate: This type of affidavit is used when a stock certificate is lost or misplaced, and the owner seeks a replacement from the corporation. 2. Affidavit for Stolen Stock Certificate: When a stock certificate is stolen, this affidavit is utilized to inform the corporation and request reissuance of the stolen shares. 3. Affidavit for Damaged Stock Certificate: This affidavit is necessary when a stock certificate is damaged or defaced, making it unfit for use. The owner provides details on the nature of the damage and seeks a new certificate. In conclusion, the Minnesota Affidavit for Issuance of New Stock Certificate with Supporting Facts is an important legal document used to request the replacement or reissuance of stock certificates in Minnesota. By providing accurate information and supporting evidence, individuals can ensure a smooth and valid process in obtaining new stock certificates.
