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.
Title: Wyoming Affidavit for Issuance of New Stock Certificate with Supporting Facts: A Comprehensive Overview Introduction: The Wyoming Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document used in the state of Wyoming to facilitate the process of issuing new stock certificates. This affidavit serves as a statement of facts and supporting evidence, required to authorize the issuance of new stock certificates to a shareholder or stockholder. It provides a legally binding record that should accompany the issuance and transfer of stock certificates within Wyoming. Keywords: Wyoming, affidavit, issuance, new stock certificate, supporting facts, shareholder, stockholder, legal document Types of Wyoming Affidavit for Issuance of New Stock Certificate: 1. Wyoming Affidavit for Issuance of New Stock Certificate due to Stock Transfer: This type of affidavit is used when shares of stock are transferred from one individual or entity to another. The affidavit will include information about the transferor, transferee, amount or number of shares being transferred, and details of the transaction. Supporting facts to be included may consist of proof of payment, executed transfer agreements, or any other relevant documents. 2. Wyoming Affidavit for Issuance of New Stock Certificate due to Stock Split or Conversion: In situations where a stock split occurs, resulting in an increase in the number of outstanding shares, or when a conversion of stocks takes place, this affidavit is necessary to obtain new stock certificates reflecting the revised share structure. The affidavit should include relevant details such as the reason for the split or conversion, the ratio of new shares to old shares, and any associated documentation, such as board resolutions, to support the process. 3. Wyoming Affidavit for Issuance of New Stock Certificate due to Lost, Stolen, or Damaged Certificate: When a stock certificate is lost, stolen, or rendered unusable due to damage, this affidavit assists in obtaining a replacement certificate. The affidavit will outline the circumstances of the loss or damage, including any efforts made to find or recover the original certificate. It may require supporting facts such as police reports, affidavit of lost or stolen certificate, or relevant insurance claims. 4. Wyoming Affidavit for Issuance of New Stock Certificate due to Name Change or Corporate Restructuring: In cases where a shareholder undergoes a name change or a corporation is restructured (e.g., due to merger, acquisition, or change in legal status), this affidavit is used to request the issuance of new stock certificates reflecting these changes. The affidavit will contain details of the name change or corporate restructuring, supporting documents such as court orders, articles of amendment, or relevant resolutions, and any corresponding legal requirements. Conclusion: The Wyoming Affidavit for Issuance of New Stock Certificate with Supporting Facts is a vital legal tool granting authorization for the issuance of new stock certificates in various scenarios such as stock transfers, stock splits, lost or damaged certificates, and name changes or corporate restructuring. Adhering to the relevant requirements and providing accurate supporting facts ensures transparency and legitimacy in the stock certificate issuance process within the state of Wyoming. Keywords: Wyoming, affidavit, issuance, new stock certificate, supporting facts, shareholder, stockholder, legal document, stock transfer, stock split, stock conversion, lost certificate, stolen certificate, damaged certificate, name change, corporate restructuring
