Oklahoma Indemnity Bond to Replace Lost, Destroyed, or Stolen Stock Certificate
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How to fill out Indemnity Bond To Replace Lost, Destroyed, Or Stolen Stock Certificate?
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FAQ
A Lost Securities surety bond is a bond required by banks or other financial instrument transfer agents for persons who have lost or misplaced bond or stock certificates or a payment check.
When a person or company loses a stock certificate, savings bank book, certified check or similar document, a lost instrument bond can save them from a financial loss. The issuer will not deliver a duplicate of the financial document until the person provides this type of surety bond.
The lost instrument bond guarantees the owner of the lost document will indemnify the bank or other entity for any loss it suffers because of the duplicate securities or other issued instruments.
The owner must buy an indemnity bond to protect the corporation and the transfer agent against the possibility that the lost certificate may be presented later by an innocent purchaser. The bond usually costs between two or three percent of the current market value of the missing certificates; and.
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.
Lost Instrument Bond ? A surety bond required when a financial instrument such as a stock certificate, cashier's check or mortgage note has become lost, stolen, destroyed or may not otherwise be reconveyed. The bond allows for the instrument to be re-issued or reconveyed.
Business service bonds, or fidelity surety bonds, are used to protect the clients or customers of a business from actions by employees of the business.