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.
Puerto Rico Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document required by the Puerto Rican government for the purpose of transferring stock ownership in a company. This affidavit aims to provide relevant information and evidence to support the issuance of a new stock certificate. The Puerto Rico Affidavit for Issuance of New Stock Certificate with Supporting Facts typically includes the following key elements: 1. Introduction: The affidavit begins with an introductory statement, specifying the purpose and intent of the document. 2. Parties Involved: The affidavit lists the names, addresses, and contact information of the individuals or entities that are involved in the stock transfer. This includes the transferor (current shareholder), the transferee (new shareholder), and the company issuing the certificate. 3. Stock Details: It outlines the details of the stock being transferred, such as the class, series, and number of shares. This information helps identify the specific stock being transferred. 4. Supporting Facts: The affidavit supports the request for a new stock certificate by presenting facts and supporting documents. These may include the original stock certificate, evidence of ownership, proof of transfer, and any other relevant documentation. 5. Stock Transfer Agreement: In some cases, a separate stock transfer agreement may accompany the affidavit. This agreement outlines the terms and conditions of the stock transfer, including any purchase price or consideration involved. Different types of Puerto Rico Affidavits for Issuance of New Stock Certificate with Supporting Facts may exist based on specific situations or variations in requirements. Here are a few examples: a. Affidavit for Transfer of Stocks due to Sale: This type of affidavit is used when a shareholder sells their stock to another party, and it focuses on documenting the sale transaction and transfer of ownership. b. Affidavit for Transfer of Stocks due to Inheritance: In cases where stocks are being transferred due to the death of the original shareholder, this type of affidavit highlights the inheritance process and the legal transfer of stocks to beneficiaries or heirs. c. Affidavit for Transfer of Stocks due to Gift: When stocks are being gifted from one individual to another, this type of affidavit highlights the intention behind the gift and documents the transfer. It is worth noting that specific requirements and forms may vary depending on the jurisdiction and the company's bylaws. It is important to consult legal counsel or refer to official sources to obtain the accurate and up-to-date version of the Puerto Rico Affidavit for Issuance of New Stock Certificate with Supporting Facts in any given scenario.
