Missouri Indemnity Bond to Replace Lost, Destroyed, or Stolen Stock Certificate
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How to fill out Indemnity Bond To Replace Lost, Destroyed, Or Stolen Stock Certificate?
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FAQ
If you want to sell or transfer stock but have lost your paper stock certificate, you have no legal proof of ownership?but that doesn't mean you've lost your investment. With a properly completed lost stock certificate affidavit, you can transfer or sell the stock even if you can't find the original certificate.
What do I need to sell my shares? In order to trade, you will need: Your share certificate. Your Shareholder Reference Number.
The fee for this service is normally around 1% of the value of the shares represented by the missing share certificate, making it a cost-effective service.
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.
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.
Loss of a share certificate refers to the situation where an individual or entity misplaces or cannot locate the physical document representing ownership of shares in a company.
The Companies Act of 2013 and Rule 6(2)(a) to (c) of the Companies (Share Capital and Debentures Rules) of 2014 both allow for the issuance of duplicate share certificates to prevent any unnecessary loss to the firm and its shareholders.