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.
South Dakota Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document used in South Dakota to request the issuance of a new stock certificate for a company. This affidavit is necessary when a shareholder or investor needs to replace a lost, stolen, or damaged stock certificate. It provides a declaration under oath that explains the circumstances of the need for a new certificate and includes supporting facts to validate the claim. The affidavit must contain several key details to be considered valid and accepted by the proper authorities. First and foremost, it should include the name of the company issuing the stock certificate, along with its business address. The shareholder or investor's name and contact information, such as address, phone number, and email, must also be included. Furthermore, the affidavit should provide the original stock certificate number, the number of shares it represents, and the date of issuance. This information is crucial for accurately identifying the stock in question. The affine should then clearly state the reason for requesting a new stock certificate, such as loss, theft, or damage. Supporting facts, such as a police report or evidence of destruction, may be required to substantiate the claim. In addition to the standard affidavit for the issuance of a new stock certificate, there may be variations based on specific circumstances. Some potential types of South Dakota Affidavits for Issuance of New Stock Certificate with Supporting Facts include: 1. Affidavit for Lost Stock Certificate: This particular affidavit is used when a stock certificate has been misplaced or lost due to unforeseen circumstances. The affine will provide details about when and where the certificate was last seen, efforts made to locate it, and any other pertinent information. 2. Affidavit for Stolen Stock Certificate: In the unfortunate event of a stock certificate being stolen, this affidavit is used to report the incident. The affine should mention the date, location, and circumstances of the theft and provide any relevant supporting evidence, such as a filed police report. 3. Affidavit for Damaged Stock Certificate: When a stock certificate becomes damaged, rendering it unusable or unrecognizable, this affidavit is employed to request a replacement. The affine should describe the extent of the damage and provide evidence, such as photographs or witness statements, to support the claim. In conclusion, the South Dakota Affidavit for Issuance of New Stock Certificate with Supporting Facts is a crucial legal document used in various scenarios where a replacement stock certificate is required. Whether it's due to loss, theft, or damage, this affidavit ensures that proper procedures are followed, supporting the validity of the request through sworn testimony and substantiating evidence.
