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.
Texas Affidavit for Lost, Stolen, or Destroyed Stock Certificate
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US-02805BG
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FAQ
An Affidavit of Lost Document is a sworn statement that is used to confirm that a document was lost and to request a replacement. Losing an important document is stressful, but the recovery process doesn't have to be.
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.
Affidavit of Loss Full legal name of the affiant; Date of birth of the affiant; Address of the affiant; Identifying details of the lost item; The date of loss or discovery of loss; An explanation of the circumstances surrounding the loss; and. The signature and notarization.
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.
Affidavit of Loss Full legal name of the affiant; Date of birth of the affiant; Address of the affiant; Identifying details of the lost item; The date of loss or discovery of loss; An explanation of the circumstances surrounding the loss; and. The signature and notarization.
By Practical Law Corporate & Securities. 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.
#1 ? Requirements The legal name of the affiant and other crucial details concerning them, for example, nationality, residential address, date of birth, etc. A brief description of the lost or damaged asset. The purpose of executing the affidavit. An explanation of how the property got lost, stolen, or damaged.
After verification of the documents submitted, the company / registrars will process the requests for duplicate issue of share certificate. This process normally takes four to six weeks for the shareholders to receive duplicates from the date of receipt of all the valid documents by the company / registrars.