New Mexico 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

Because a stock certificate is your only legal proof of ownership, you can't sell or transfer the stock without it. Once the affidavit is completed, have your brokerage firm ask the company whose stock you hold to issue a new stock certificate, which you can then keep or use to sell or transfer the stock as you wish.

Maintained ? USA (National/Federal) An affidavit used when a stock certificate has been lost, stolen, or destroyed. This Standard Document has integrated notes with important explanations and drafting tips.

By Practical Law Corporate & Securities. Maintained ? USA (National/Federal) An affidavit used when a stock certificate has been lost, stolen, or destroyed. This Standard Document has integrated notes with important explanations and drafting tips.

An Affidavit of Lost Document is a sworn statement that is used to confirm that a document was lost and to request a replacement. Losing an important document is stressful, but the recovery process doesn't have to be.

A share certificate can be replaced if it is lost, stolen, or damaged. In order to replace the physical certificate, the shareholder will need to contact the company's stock transfer agent. 1 They may also be required to complete an affidavit of loss document.

Affidavit of Loss Full legal name of the affiant; Date of birth of the affiant; Address of the affiant; Identifying details of the lost item; The date of loss or discovery of loss; An explanation of the circumstances surrounding the loss; and. The signature and notarization.

Affidavit of Loss Full legal name of the affiant; Date of birth of the affiant; Address of the affiant; Identifying details of the lost item; The date of loss or discovery of loss; An explanation of the circumstances surrounding the loss; and. The signature and notarization.

#1 ? Requirements The legal name of the affiant and other crucial details concerning them, for example, nationality, residential address, date of birth, etc. A brief description of the lost or damaged asset. The purpose of executing the affidavit. An explanation of how the property got lost, stolen, or damaged.

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New Mexico Affidavit for Issuance of New Stock Certificate with Supporting Facts