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.
The California Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document that is used in California to request the issuance of a new stock certificate. This affidavit is necessary in cases where the original stock certificate has been lost, stolen, destroyed, or is otherwise unavailable. In the affidavit, the person requesting the issuance of the new stock certificate, known as the affine, must provide supporting facts and evidence to support their claim. These supporting facts may vary depending on the circumstances of the loss or unavailability of the original certificate. Some of the essential information that may be required in the affidavit includes the name of the issuing company, the original certificate number, the date of issuance, and the number of shares represented by the certificate. The affine may also need to provide details about how they acquired the shares and any relevant transaction or ownership history. Furthermore, the affine must explain in detail the circumstances of the loss or unavailability of the original stock certificate. They may need to describe when and how they discovered its absence, any efforts made to locate the certificate, and whether it was stolen, destroyed, or simply misplaced. In case of theft, a police report referencing the stolen certificate may be required as supporting evidence. If there are multiple types of California Affidavit for Issuance of New Stock Certificate with Supporting Facts, they might be categorized based on the specific circumstances of the loss. For example, there could be separate affidavits for lost stock certificates, stolen stock certificates, destroyed stock certificates, and so on. Each type may necessitate additional supporting facts and evidence based on the unique situation. It is crucial to note that the exact content and requirements of the California Affidavit for Issuance of New Stock Certificate with Supporting Facts may vary depending on the guidelines and regulations set forth by the California Secretary of State or other relevant authorities. It is advisable to consult with legal professionals or refer to official sources for accurate and up-to-date information when preparing such affidavits.
