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Affidavit for Issuance of New Stock Certificate with Supporting Facts

Collin Texas Affidavit for Issuance of New Stock Certificate with Supporting Facts

Name: Collin Texas Affidavit for Issuance of New Stock Certificate with Supporting Facts
Brand: US Legal Forms
Rating: 4.59 (452 reviews)

Category:

Corporations - Shareholders and Stock

State:

Multi-State

County:

Collin

Control #:

US-01291BG

Format:

Instant download

Description

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.

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How to fill out Collin Texas Affidavit For Issuance Of New Stock Certificate With Supporting Facts?

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How to replace a lost share certificate 1 Verify the request for a replacement share certificate.2 Seek an indemnity from the shareholder.3 Consider seeking a third party indemnity guarantee.4 Record the replacement share certificate.5 Issue the share certificate.

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.

Affidavit of Lost Stock Certificate. Description: This is a form of affidavit where a shareholder declares. that he or she has lost his or her stock certificate, wishes to get a replacement certificate, and agrees to defend, indemnify, and hold harmless the company issuing a new certificate.

One way to ensure stock or mutual fund investments avoid probate and go directly to the individual of your choice is to designate a beneficiary by submitting a transfer-on-death form to your brokerage. Contact your brokerage to request a transfer-on-death beneficiary designation form.

Submit the signed stock ownership certificate, the stock power form and W-9 form to your brokerage firm or the company you have stock through. If you are changing your own name, due to marriage, divorce or court order, include a certified court document that verifies and authenticates your name change.

Shares can be owned by two people. The corporation's transfer agent -- the administrator of a corporation's stock -- registers the two people as co-owners on a stock certificate, though some funds and brokers provide for joint ownership or joint brokerage accounts as well.

Determine if the company still exists If you can find the company itself, you're in luck. All you need to do is contact the company and ask for its transfer agent. The transfer agent is the person that will help you get registered as the owner of the certificate and collect any uncollected dividends.

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.

Transferring stocks is a straightforward process to complete. Request a Transfer of Stock Ownership form from your stockbroker or directly from the brokerage company.Write a letter with the instructions on the means of transfer to include with your Transfer of Stock Ownership form.

A stock certificate is a physical piece of paper that represents a shareholder's ownership in a company. Stock certificates include information such as the number of shares owned, the date of purchase, an identification number, usually a corporate seal, and signatures.

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Collin Texas Affidavit for Issuance of New Stock Certificate with Supporting Facts

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