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 Kansas Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document used in Kansas for the purpose of obtaining a new stock certificate. It is crucial for shareholders or stockholders looking to replace lost, stolen, destroyed, or misplaced stock certificates. This affidavit provides a formal declaration, supported by relevant facts and evidence, to validate the need for a new certificate issuance. When it comes to the different types of Kansas Affidavit for Issuance of New Stock Certificate with Supporting Facts, they can vary based on the specific circumstances and reasons for requesting a replacement. Below are some common types: 1. Lost Stock Certificate Affidavit: This type of affidavit is used when a stockholder has irretrievably lost their original stock certificate(s) and needs a new one issued. The affidavit will typically include details such as the stockholder's name, contact information, the date of loss, and if possible, any known specifics about the lost certificate(s) like the certificate number or distinctive features. 2. Stolen Stock Certificate Affidavit: When a stockholder believes their stock certificate(s) has been stolen, they may file this affidavit to initiate the new certificate issuance process. The affidavit will outline the circumstances of the theft, providing as much information as possible, including any police reports or other related documentation. 3. Destroyed Stock Certificate Affidavit: In cases where a stock certificate has been damaged or destroyed (e.g., due to fire, flood, accidental shredding), this type of affidavit is necessary to obtain a replacement. The affidavit will describe the nature of the destruction and, if possible, attach supporting evidence such as photographs or other relevant documentation. 4. Misplaced Stock Certificate Affidavit: If a stockholder simply cannot locate their stock certificate(s), they may complete this affidavit to request a new one. The affidavit will include details about the last known location of the certificate(s) and any efforts made to locate it. Regardless of the specific type, the Kansas Affidavit for Issuance of New Stock Certificate with Supporting Facts serves as a formal written declaration stating the legitimate need for a replacement stock certificate. It ensures that the stockholder's rights and ownership interests are protected while providing a documented basis for the issuance of a new certificate.
