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 Montana Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document that serves as an application for the issuance of a new stock certificate in the state of Montana. This affidavit is required when there is a need to replace a lost, stolen, or damaged stock certificate with a new one. Several types of Montana Affidavit for Issuance of New Stock Certificate with Supporting Facts can exist depending on the specific circumstances. These may include: 1. Lost Stock Certificate Affidavit: This type of affidavit is used when a stockholder misplaces their stock certificate and needs to apply for a new one. The affidavit typically includes details such as the name of the company, the stockholder's name, the specific certificate number, and a statement clarifying the circumstances of the loss. 2. Stolen Stock Certificate Affidavit: In the unfortunate event of a stock certificate being stolen, a stockholder will need to complete a stolen stock certificate affidavit. This affidavit will include information about the company, the stockholder's details, the certificate number, and a statement outlining the theft. It is important to report the theft to the appropriate authorities before proceeding with this affidavit. 3. Damaged Stock Certificate Affidavit: If a stock certificate has been damaged or rendered unusable due to various factors such as fire, water damage, or accidental destruction, an affidavit documenting the damage and the need for a new certificate is required. The affidavit will include information about the company, the stockholder, the certificate number, and a description of the damage sustained. When completing a Montana Affidavit for Issuance of New Stock Certificate with Supporting Facts, certain essential information must be provided. This includes the full legal name of the company issuing the stock certificate, the stockholder's complete legal name, contact details, and the relevant certificate number. The affidavit should also include supporting facts that outline the situation necessitating the issuance of a new stock certificate. Additionally, the affidavit should be signed by the stockholder, verifying that the information provided is true and accurate to the best of their knowledge. Notarization may be required to validate the affidavit. It is crucial to consult with a legal professional or the appropriate authorities to obtain the correct form for the specific type of Montana Affidavit for Issuance of New Stock Certificate with Supporting Facts needed, as requirements and procedures may vary depending on the circumstances.
