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Delaware Affidavit for Issuance of New Stock Certificate with Supporting Facts

Category:
Corporations - Shareholders and Stock
State:
Multi-State
Control #:
US-01291BG
Format:
Word; 
Rich Text
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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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  • Preview Affidavit for Issuance of New Stock Certificate with Supporting Facts
  • Preview Affidavit for Issuance of New Stock Certificate with Supporting Facts
  • Preview Affidavit for Issuance of New Stock Certificate with Supporting Facts

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

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FAQ

"Can I sell shares without a certificate?" is a question many shareholders end up asking themselves. The answer is no because the certificate needs to be endorsed to be sold, but you can get your paper certificate reissued.

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.

By mail ? Simply fill out the Order Form and your request will be processed and the certified copy will be mailed to you. By fax ? Just fill out the Order Form and fax it to the Delaware Corporate Division. In-person ? Submit a finished order form. The order will be expedited if you pay priority fees.

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.

Contact us for further information about the requirements for a lost securities bond. ADDITIONAL NOTE: An Affidavit of Lost Stock Certificate(s) must be signed by the owner of the certificate(s) and his/her/their signature(s) must be witnessed by a valid Notary Public.

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 shares of a corporation shall be represented by certificates, provided that the board of directors of the corporation may provide by resolution or resolutions that some or all of any or all classes or series of its stock shall be uncertificated shares.

If an investor does not 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 receive a new one by contacting a company's transfer agent.

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