US Legal Forms
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Colorado
Affidavit for Issuance of New Stock Certificate with Supporting Facts

Colorado Affidavit for Issuance of New Stock Certificate with Supporting Facts

Category:

Corporations - Shareholders and Stock

State:

Multi-State

Control #:

US-01291BG

Format:

Instant download

Description

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.

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How to fill out Affidavit For Issuance Of New Stock Certificate With Supporting Facts?

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FAQ

To fill out a stock certificate, you fill in the name of the shareholder, the name of the corporation, the number of shares represented by the certificate, the date, and possibly an identification number. There is also a space for a corporate officer to sign on behalf of the corporation and to affix the corporate seal.

Despite there being no legal requirement, some people nonetheless choose to have signatures notarized or witnessed just in case there should later be a dispute about whether someone actually signed the document.

If you buy stock from a specific company, you can reach out to that company and ask that it mail you a physical stock certificate. If you are unable to find contact information for the company, you can visit the Secretary of State website in the state where the business operates.

The company secretary is responsible for issuing stock certificates, but the certificate has to be signed by two directors. In some cases, one director signs along with the company secretary. Companies having only one director will have to invite a witness to attest the signature.

An old stock or bond certificate may still be valuable even if it no longer trades under the name printed on the certificate. The company may have merged with another company or simply changed its name.

A share certificate can be replaced if it is lost, stolen, or damaged. In order to replace the physical certificate, the shareholder will need to contact the company's stock transfer agent. 1 They may also be required to complete an affidavit of loss document.

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 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.

Colorado Affidavit for Issuance of New Stock Certificate with Supporting Facts

Description

Related forms

Viewed forms

How to fill out Affidavit For Issuance Of New Stock Certificate With Supporting Facts?

Form popularity

FAQ

How do you write a stock certificate?

Does a stock certificate need to be notarized?

How do I get a physical copy of a stock certificate?

WHO issues new stock certificates?

Are old stock certificates still valid?

How do I get a stock certificate reissued?

How much does it cost to replace lost share certificates?

How much does it cost to replace a stock certificate?

Trusted and secure by over 3 million people of the world’s leading companies

Colorado Affidavit for Issuance of New Stock Certificate with Supporting Facts

Description

Related forms

Viewed forms

How to fill out Affidavit For Issuance Of New Stock Certificate With Supporting Facts?

Form popularity

FAQ

How do you write a stock certificate?

Does a stock certificate need to be notarized?

How do I get a physical copy of a stock certificate?

WHO issues new stock certificates?

Are old stock certificates still valid?

How do I get a stock certificate reissued?

How much does it cost to replace lost share certificates?

How much does it cost to replace a stock certificate?

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