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.
A Wake North Carolina Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document that provides evidence and certifies the issuance of new stock certificates by a company based in Wake County, North Carolina. This affidavit is crucial for individuals or entities involved in stock-related transactions or ownership changes. By submitting this document, the issuer attests to the authenticity and accuracy of the new stock certificates being issued. Keywords: Wake North Carolina, affidavit, issuance of new stock certificate, supporting facts, legal document, evidence, stock-related transactions, ownership changes. Different types of Wake North Carolina Affidavit for Issuance of New Stock Certificate with Supporting Facts may include: 1. Standard Affidavit for Issuance of New Stock Certificate: This is the most common type of affidavit used when a company issues new stock certificates to shareholders or investors. It presents the necessary facts and supporting evidence to ensure the legality and credibility of the transaction. 2. Affidavit for Replacement of Lost or Damaged Stock Certificate: This affidavit is utilized when a stock certificate is lost, stolen, or damaged, requiring the issuance of a new certificate. It includes additional information regarding the circumstances of the loss or damage, providing supporting facts to validate the need for a replacement certificate. 3. Affidavit for Stock Split or Merger: In cases where a company undergoes a stock split or merger, an affidavit may be necessary to confirm the issuance of new stock certificates reflecting the revised ownership structure. This affidavit presents supporting facts about the corporate actions, including relevant legal documents and resolutions. 4. Affidavit for Transfer of Ownership: When a shareholder transfers their ownership interest to another party, such as through a sale or gift, this affidavit verifies the issuance of a new stock certificate reflecting the change in ownership. It includes relevant supporting facts, such as the transfer agreement, purchase price, or gift declaration. 5. Affidavit for Stock Redemption or Repurchase: In situations where a company repurchases its own shares or exercises redemption rights, an affidavit is crucial to document the issuance of new stock certificates. This affidavit presents supporting facts regarding the redemption terms, share repurchase agreement, or corporate resolution. In all cases, the Wake North Carolina Affidavit for Issuance of New Stock Certificate with Supporting Facts serves as a legally binding declaration, ensuring the accuracy and authenticity of the stock certificates being issued. It is important to consult legal professionals or relevant authorities for proper completion and submission of the affidavit.
