Affidavit Of Lost Stock Certificate And Indemnity Agreement

State:
Multi-State
Control #:
US-02805BG
Format:
Word; 
Rich Text
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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.

An Affidavit of Lost Stock Certificate and Indemnity Agreement is a legal document commonly used in the financial industry when a stock certificate is lost, stolen, or destroyed. This affidavit is designed to protect the interests of both the shareholder and the issuing company during this unfortunate event. The document serves as a proof of ownership and provides a mechanism for replacing the lost stock certificate. In cases where a stock certificate is misplaced or missing, an Affidavit of Lost Stock Certificate and Indemnity Agreement outlines the process by which the shareholder can obtain a new certificate. The affidavit typically includes the shareholder's personal details, the details of the lost stock certificate, and an acknowledgement that the shareholder will indemnify the issuing company against any claims arising from the lost certificate. Keywords: Affidavit of Lost Stock Certificate, Indemnity Agreement, stock certificate, legal document, shareholder, financial industry, proof of ownership, misplaced, missing, replacing, details, indemnify, issuing company. There are a few different types of Affidavit of Lost Stock Certificate and Indemnity Agreement document variations, including: 1. General Affidavit of Lost Stock Certificate and Indemnity Agreement: This is the most common type of affidavit used when a stock certificate is lost or misplaced. It requires the shareholder to provide details about the lost certificate, such as the certificate number, date of issuance, and the issuing company's name. 2. Affidavit of Lost Stock Certificate and Indemnity Agreement for Theft: This type of affidavit is used when the stock certificate is stolen. In addition to the general information about the lost certificate, the shareholder will need to provide details about the circumstances of the theft, such as the date and location of the incident and any supporting evidence, like a police report. 3. Affidavit of Lost Stock Certificate and Indemnity Agreement for Destruction: This affidavit is used when the stock certificate is accidentally destroyed, for example, due to fire, flood, or other natural disasters. In addition to the general information, the shareholder may need to provide evidence of the destruction, such as photos or an insurance claim. 4. Affidavit of Lost Stock Certificate and Indemnity Agreement for Replacement of Partial Share: In some cases, a shareholder may misplace or lose only a portion of a stock certificate, such as a single page. This type of affidavit is used when the shareholder requests a replacement for the missing portion of the certificate. It is important to note that the specific details and requirements of an Affidavit of Lost Stock Certificate and Indemnity Agreement may vary depending on the jurisdiction, the issuing company, and the circumstances of the loss. Shareholders are advised to consult with legal professionals or the issuing company's representatives to ensure compliance with applicable laws and regulations.

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FAQ

Affidavit of Loss Full legal name of the affiant; Date of birth of the affiant; Address of the affiant; Identifying details of the lost item; The date of loss or discovery of loss; An explanation of the circumstances surrounding the loss; and. The signature and notarization.

If you misplace your stock certificate or believe it was stolen or destroyed, you should immediately contact your transfer agent, or business that handles the records for the company of the stock you hold, and request that a "stop-transfer" order be put against it, similar to what you would do with a lost check.

#1 ? Requirements The legal name of the affiant and other crucial details concerning them, for example, nationality, residential address, date of birth, etc. A brief description of the lost or damaged asset. The purpose of executing the affidavit. An explanation of how the property got lost, stolen, or damaged.

Maintained ? USA (National/Federal) An affidavit used when a stock certificate has been lost, stolen, or destroyed. This Standard Document has integrated notes with important explanations and drafting tips.

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.

More info

This package contains everything you'll need to customize and complete your affidavit. Here's the info you'll need to have handy to complete your doc: Who it's coming from.Know for whom this document is being signed and where. Circumstances. An affidavit used when a stock certificate has been lost, stolen, or destroyed. The only requirement will be to complete the Short Form Affidavit of Loss and Agreement of Indemnity ("Short Form Affidavit"). Being misused and send you a letter of indemnity form for you to complete. Lost Certificate Affidavit. The only requirement will be to complete the Short Form Affidavit of Loss and Agreement of Indemnity ("Short Form Affidavit"). Lost Certificate Affidavit. Lost, Stolen or Destroyed Certificates.

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Affidavit Of Lost Stock Certificate And Indemnity Agreement