Link Asset Services Indemnity For Lost Certificate In Wake
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If an investor doesn't 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 contact a company's transfer agent to receive a new one.
When you come to sell your shares, it's possible that you won't be able to find the certificate, and if you can't, the Registrar will ask you to sign an indemnity, which protects them in case you aren't who you say you are, so in other words, you're a fraudster.
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.
I/We, (full name of the shareholder(s) aged __ years, residing at (address of the shareholder/s) approach the Company to issue duplicate share certificate(s) in lieu of the original shares covered under Folio No. _______ and bearing Certificate No(s). ___________ held by me/us.
Contact the Securities and Exchange Commission (SEC). Once you have contacted the stock transfer agent, you will need to complete an affidavit of loss. This affidavit will state that you have lost the stock certificate and that you are the rightful owner of the shares represented by the certificate.
Shared certificates can be replaced if lost, stolen, or damaged. To replace the physical certificate, shareholders must contact the company's stock transfer agent. 1 They may also be required to complete an affidavit of loss document.
When you come to sell your shares, it's possible that you won't be able to find the certificate, and if you can't, the Registrar will ask you to sign an indemnity, which protects them in case you aren't who you say you are, so in other words, you're a fraudster.
