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.
Arizona Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document used when a corporation or company needs to issue a new stock certificate. It provides supporting facts and information about the issuance, ensuring compliance with the laws and regulations of Arizona. The Arizona Affidavit for Issuance of New Stock Certificate with Supporting Facts contains essential details, including the name of the corporation, the number of shares to be issued, the shareholder's name, and other relevant information. This affidavit acts as evidence of the ownership of shares and protects both the corporation and the shareholder. There are different types of Arizona Affidavits for Issuance of New Stock Certificate with Supporting Facts that may vary based on specific circumstances. These types include: 1. Individual Stock Issuance: This type of affidavit is used when an individual shareholder requests the issuance of a new stock certificate for additional shares they have acquired. The supporting facts in this case may include the original certificate number, the number of additional shares, and the reason for the issuance. 2. Transfer of Ownership: In certain situations, a shareholder may transfer their shares to another party. An affidavit is required to document the transfer and issue a new stock certificate in the name of the new owner. The supporting facts for this type of affidavit would include the details of the transfer, such as the date of transfer, the names of the old and new shareholders, and any additional relevant information. 3. Replacement of Lost or Stolen Certificate: When a stock certificate is lost or stolen, an affidavit is needed to ensure the issuance of a new certificate. This type of affidavit requires supporting facts such as a detailed explanation of how the certificate was lost or stolen, efforts made to recover it, and any other relevant information. 4. Merger or Acquisition: In the case of a merger or acquisition, where a company combines with or is acquired by another entity, an affidavit is often required to reissue stock certificates reflecting the changes in ownership. The supporting facts for this type of affidavit would include details of the merger or acquisition, the new company name, and any other relevant information regarding the changes in ownership. It is crucial to consult with legal professionals or corporate attorneys familiar with Arizona laws and regulations to ensure the accurate preparation and filing of the Arizona Affidavit for Issuance of New Stock Certificate with Supporting Facts. Compliance with these procedures guarantees the validity and legality of the stock issuance process in Arizona.
