Hawaii Indemnity Bond to Replace Lost, Destroyed, or Stolen Stock Certificate
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How to fill out Indemnity Bond To Replace Lost, Destroyed, Or Stolen Stock Certificate?
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FAQ
If you need or want to have physical proof of ownership, you can request a replacement for lost or stolen certificates. You'll need to reach out to the issuing company to start the process. A transfer agent will check the company's records to verify your ownership of the shares.
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.
You should send the documents to the company / registrars for issue of duplicate share certificates accompanied by, affidavit, indemnity & surety bond and original copy of FIR of police complaint reporting loss of share certificates and voucher copy of advertisement released in the government gazette publication ...
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.
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.
No matter the system, physical certificates are often misplaced or destroyed accidentally. In such cases, the stockholder will need to replace the documents, a process that starts with the completion of an affidavit of lost stock certificate.
When dealing with an estate that includes shares without a certificate, a new one can be requested from the registrars of the company (if known). However, they may impose conditions before granting you with a replacement certificate.
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.