If you lose a stock certificate, whether through fire, theft or some other means, replacing that certificate is a relatively straightforward process. You will need to contact the company's stock transfer agent, and you may have to post a surety bond that will cost approximately 3 percent of the value of the certificates being replaced.
If you do not have an address for the company's stock transfer agent, contact the company and ask for the agent's address. Tell the company's stock transfer agent how many shares have been lost and the approximate date on which they were purchased.
Rhode Island Affidavit for Lost, Stolen, or Destroyed Stock Certificate
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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.
Be as detailed as possible, showing that you made all reasonable efforts to find those documents. If your certificates were destroyed, delete the first provision and explain the circumstances of that event. You must notarize your signature on the affidavit.
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.
What is an Affidavit of Loss of Stock Certificate? An Affidavit of Loss of Stock Certificate is a written statement under oath where a person (the ?affiant?) declares the physical loss of a certain stock certificate. In short, it means the stock certificate is lost and can no longer be found.
Loss of a share certificate refers to the situation where an individual or entity misplaces or cannot locate the physical document representing ownership of shares in a company.
If you misplace your stock certificate or believe it was stolen or destroyed, you should immediately contact your transfer agent, or business that handles the records for the company of the stock you hold, and request that a "stop-transfer" order be put against it, similar to what you would do with a lost check.
What Is Affidavit of Loss? An affidavit of loss is a document declaring the loss of a security usually through theft or destruction. The affidavit contains all the details regarding the loss, such as the owner's name and any information pertaining to the security.
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.