South Carolina Indemnity Bond to Replace Lost, Destroyed, or Stolen Stock Certificate

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Multi-State
Control #:
US-1081BG
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Description

An indemnity bond is a bond that is intended to reimburse the holder for any actual or claimed loss caused by the issuer's conduct or another person's conduct. An indemnity bond acts as coverage for loss of an obligee when a principal fails to perform according to the standards agreed upon between the obligee and the principal.
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FAQ

Replacing a Stock Certificate 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.

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.

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.

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.

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.

If you want to sell or transfer stock but have lost your paper stock certificate, you have no legal proof of ownership?but that doesn't mean you've lost your investment. With a properly completed lost stock certificate affidavit, you can transfer or sell the stock even if you can't find the original certificate.

When dealing with an estate that includes shares without a certificate, a new one can be requested from the registrars of the company (if known). However, they may impose conditions before granting you with a replacement certificate.

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South Carolina Indemnity Bond to Replace Lost, Destroyed, or Stolen Stock Certificate