Broward Florida Affidavit for Lost, Stolen, or Destroyed Stock Certificate

Name: Broward Florida Affidavit for Lost, Stolen, or Destroyed Stock Certificate
Brand: US Legal Forms
Rating: 4.81 (443 reviews)

Category:

Affidavits - Certificates

State:

Multi-State

County:

Broward

Control #:

US-02805BG

Format:

Instant download

Description

If you lose a stock certificate, whether through fire, theft or some other means, replacing that certificate is a relatively straightforward process. You will need to contact the company's stock transfer agent, and you may have to post a surety bond that will cost approximately 3 percent of the value of the certificates being replaced. If you do not have an address for the company's stock transfer agent, contact the company and ask for the agent's address. Tell the company's stock transfer agent how many shares have been lost and the approximate date on which they were purchased.

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How to fill out Broward Florida Affidavit For Lost, Stolen, Or Destroyed Stock Certificate?

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FAQ

Surety is a form of guarantee issued by a third party to pay the direct loss suffered by one party in a contract if the other party in that contract breaches their contractual or legal obligations. The organization or person assuming this role as the third party can also be referred to as a surety.

If you are missing certificates, contact the issuing company, transfer agent or the stock brokerage where the shares were bought. Brokerage firms can research the history of shares traded in the account and certificates you think are lost, and they can also deal with the transfer agent on your behalf.

If your securities certificate is lost, accidentally destroyed, or stolen, you should immediately contact the transfer agent and request a stop transfer to prevent ownership of the securities from being transferred from your name to another's. Your broker may be able to assist you with this process.

A Lost Stock Certificate Surety Bond is required by the issuing company of the stock, through its transfer agent. The purpose of the bond is to protect the corporation and the agent in case the lost certificate is somehow redeemed by another party at a later date.

The easiest way to get a stock certificate is via a broker, but be prepared to pay for it. The simplest way to get a stock certificate today is to ask your broker. If you bought your shares through a brokerage firm, it will have an account with your name and the number of shares you purchased.

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.

The most obvious way to get your certificate is to go directly to the company that issued the stock, the issuer, and ask to have a physical certificate mailed to you.

A Lost Stock Certificate Surety Bond is an indemnity bond required by the issuer of the certificate and the SEC when a stock certificate has been lost or stolen. The bond is a safety net for the transfer agent in that if the lost certificate is found and sold, the transfer agent doesn't suffer any economic loss.

Contact the Transfer Agency Request an affidavit. The transfer agency will require that that you supply them with an affidavit that details the missing certificates and how you lost them.Issue a stop transfer. This works much like a stop payment does for a check.Alert the Securities and Exchange Commission.

The cost is usually around 3% of the value of the stock on the day the stop was issued, so if the value of the the stock was $100,000, the fee charged by the transfer company for the surety bond would be $3,000.

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81 legal authority, short of a court deci8i.on. Allied stockholders should not send in their stock certificates at this time.Do you have a document issued in the state of Florida? United States. Congress.

Broward Florida Affidavit for Lost, Stolen, or Destroyed Stock Certificate

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What is stock surety?

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How much does it cost to replace a lost share certificate?

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