North Dakota Affidavit for Issuance of New Stock Certificate with Supporting Facts

State:
Multi-State
Control #:
US-01291BG
Format:
Word; 
Rich Text
Instant download

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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FAQ

Despite there being no legal requirement, some people nonetheless choose to have signatures notarized or witnessed just in case there should later be a dispute about whether someone actually signed the document.

Many states do not require the issuance of hard copy stock certificates to validate the issuance of stock. Oregon and Delaware, for example, allow documents called notices of issuance to be issued to shareholders in lieu of hard copy stock certificates. Notices of issuance can be issued electronically.

An investor is issued a share certificate, also known as a stock certificate, when they buy shares of a publicly-traded company. The share certificate serves as a receipt for the stock purchase. The certificate includes important details about the investor's stock ownership such as the number of shares purchased.

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.

Key Takeaways. A stock certificate is a physical piece of paper that represents a shareholder's ownership of a company. Stock certificates include information such as the number of shares owned, the date of purchase, an identification number, usually a corporate seal, and signatures.

Please sign the back of the certificate exactly as your name appears on the front of the certificate. All owners listed on the front of the certificate must sign the back.

You can find out who your company's transfer agent is by contacting its investor relations department. Then, the transfer agent will have you send in any paper stock certificates you have, along with a letter of instruction to instruct it on how to change the ownership of the stock.

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North Dakota Affidavit for Issuance of New Stock Certificate with Supporting Facts