Stock Certificate Legend refers to wording found on the front or back of a stock certificate which serves as notice of and a brief explanation of certain restrictions affecting the stock shares represented by that stock certificate.
The reverse side of a stock certificate generally bears a form of assignment, which, when properly executed, transfers title to the stock represented by the certificate.
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A stock certificate is a printed certificate issued by a corporation to a shareholder which documents ownership in a stated number of shares of that corporation's stock. 1. Number of Shares. 2. Serial Number ? A unique serial number is assigned to each certificate.
Stock certificates do not expire. If you have a stock certificate that is extremely old of a company that still exists, that stock certificate is still valid and represents ownership in that company.
Par value is the face value of a bond or the value of a stock certificate stated in the corporate charter. A stock's par value is often unrelated to the actual value of its shares trading on the stock market.
If the company is no longer in existence, the share certificate itself might still have some value to a collector. Share certificates are collected by scripophily enthusiasts for their historical significance and/or for their artwork and intricate engraving.
Key information on a share certificate includes: Certificate number. Company name and registration number. Shareholder name and address. Number of shares owned. Class of shares. Issue date of shares. Amount paid (or treated as paid) on the shares.
Consult both current and previous indexes which cover the time period when the company was active. If you discover that a company has merged into or been acquired by a company that currently exists, contact the successor company's investor relations or shareholder services department about redeeming the stock.
A legend is a statement on a stock certificate noting restrictions on the transfer or sale of a company's stock.
You can cash them in through the transfer agent of the company with which the stock is owned. Or, you can work with a broker to sell the stock. Research the value of the stock to know whether you are holding on to fortune in cash or simply a pretty, collectible piece of paper.
Only a transfer agent can complete the task of removing a restrictive stock legend. The transfer agent will require an opinion letter from the issuer's counsel or from his or her own lawyer plus 144 papers completed by a broker?stating that the restricted legend can be removed.
