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.
Description: North Dakota Affidavit for Issuance of New Stock Certificate with Supporting Facts The North Dakota Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document used by corporations and stockholders in North Dakota to request the replacement or issuance of a new stock certificate. This affidavit serves as a sworn statement by the stockholder, providing supporting facts and evidence that the original stock certificate has been lost, stolen, destroyed, or needs to be transferred to a new owner. Keywords: North Dakota, affidavit, issuance, new stock certificate, supporting facts, corporations, stockholders, replacement, lost, stolen, destroyed, transferred, ownership. Types of North Dakota Affidavit for Issuance of New Stock Certificate with Supporting Facts: 1. Affidavit for Replacement of Lost Stock Certificate: This type of affidavit is used when a stockholder has lost or misplaced their original stock certificate and requires a new one. The affidavit should contain specific details regarding the circumstances of the loss and any efforts made to locate the missing certificate. 2. Affidavit for Replacement of Stolen Stock Certificate: In cases where a stockholder's certificate has been stolen, this type of affidavit is used. The stockholder must provide a detailed account of the theft, including any police reports or other evidence of the crime. 3. Affidavit for Replacement of Destroyed Stock Certificate: If the original stock certificate has been accidentally destroyed, such as through fire or water damage, this affidavit is used. The stockholder should describe the circumstances of the destruction and include any supporting documentation, such as insurance claims or photos. 4. Affidavit for Transfer of Stock Certificate to New Owner: When a stockholder wishes to transfer ownership of their shares to another individual or entity, this affidavit is utilized. The supporting facts would include the details of the transfer, including the name and contact information of the new owner. It is crucial to consult with legal professionals or experienced advisors while preparing and filing the North Dakota Affidavit for Issuance of New Stock Certificate with Supporting Facts to ensure compliance with state laws and regulations.
