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.
Phoenix, Arizona Affidavit for Issuance of New Stock Certificate with Supporting Facts: A Comprehensive Overview In Phoenix, Arizona, the Affidavit for Issuance of New Stock Certificate is an essential legal document that serves as proof of ownership of stock in a corporation. This affidavit is filed when an existing stock certificate is lost, stolen, or damaged, and the shareholder seeks a replacement or reissuance of the certificate. By submitting this affidavit, the shareholder provides supporting facts and evidence to validate their claim for a new stock certificate. The affidavit begins with identifying information, including the name of the corporation, the name and address of the shareholder, and the details of the lost, stolen, or damaged stock certificate. It is crucial to accurately describe the certificate, including the certificate number and the number of shares it represents. The affidavit further outlines the circumstances leading to the loss, theft, or destruction of the stock certificate. Supporting facts are essential to establish the veracity of the claim, such as providing details of any known theft or accidental damage, or explaining when and where the certificate was last seen. If the certificate was lost or stolen, it is advisable to mention any efforts made to recover it, such as notifying the relevant authorities or filing a police report. Additionally, the shareholder must demonstrate that they have taken reasonable steps to safeguard the stock certificate. This can include storing it in a safe place, notifying the corporation of the loss or theft promptly, and putting a stop transfer on the shares to prevent any unauthorized transfer. These precautions help ensure that the shareholder acted responsibly and maintain the integrity of the stock certificate issuance process. Based on the specific circumstances, there might be different types or variations of the Phoenix, Arizona Affidavit for Issuance of New Stock Certificate with Supporting Facts: 1. Affidavit for Lost Stock Certificate: This type of affidavit is filed when the stock certificate is lost, meaning it cannot be located despite the shareholder's diligent search efforts. 2. Affidavit for Stolen Stock Certificate: In cases where the stock certificate is stolen, this affidavit is used to provide evidence of the theft and support the request for a new certificate. 3. Affidavit for Damaged Stock Certificate: If the stock certificate is damaged to the extent that it is no longer usable, this affidavit is used to request a replacement certificate citing the reasons for damage. 4. Affidavit for Destruction of Stock Certificate: In rare instances where the stock certificate is inadvertently destroyed (e.g., due to fire or natural disasters), this affidavit is used to support the request for a new certificate. To conclude, in Phoenix, Arizona, the Affidavit for Issuance of New Stock Certificate with Supporting Facts is a crucial legal document that enables shareholders to request replacement stock certificates in case of loss, theft, or damage. By providing thorough and accurate supporting facts, shareholders can ensure a smooth and efficient process for obtaining a new stock certificate.
