Affidavit for Lost, Stolen, or Destroyed Stock Certificate
Definition and meaning
An Affidavit for Lost, Stolen, or Destroyed Stock Certificate is a legal document that serves to declare that a stock certificate has been lost, stolen, or destroyed. It is essential for individuals who own stock and need to replace their certificates without legal hindrances. The affidavit presents the owner's claims about their ownership and the circumstances surrounding the loss, theft, or destruction of the stock certificate.
How to complete a form
Completing the Affidavit for Lost, Stolen, or Destroyed Stock Certificate involves several key steps:
- Begin by providing your personal information, including your name and address.
- State the number of shares and specify the class of stock.
- Detail the circumstances under which the certificate was lost, stolen, or destroyed.
- Include a declaration about whether the certificate was endorsed.
- Sign the affidavit in front of a notary public to validate it.
Who should use this form
This affidavit is particularly useful for individuals who:
- Own stock in a corporation and have lost their stock certificate.
- Are unable to locate their certificate due to theft or destruction.
- Need to replace a stock certificate to regain access to their shares.
Key components of the form
The important elements of the Affidavit for Lost, Stolen, or Destroyed Stock Certificate include:
- Your name and address.
- The number and class of shares owned.
- The circumstances of the certificate’s loss or theft.
- Details on whether the certificate was endorsed.
- A declaration of ownership and intent to replace the certificate.
Common mistakes to avoid when using this form
When completing the affidavit, be mindful of these common errors:
- Failing to provide accurate or complete personal information.
- Not specifying the number and class of shares clearly.
- Neglecting to detail the circumstances surrounding the loss correctly.
- Forgetting to sign the document in front of a notary public.
Form popularity
FAQ
An affidavit of loss can be filed for other types of document, such as those related to ownership of a house, a passport, a diploma or even an ATM card.Some require an affidavit of loss to be notarized.
If you are missing certificates, contact the issuing company, transfer agent or the stock brokerage where the shares were bought. Brokerage firms can research the history of shares traded in the account and certificates you think are lost, and they can also deal with the transfer agent on your behalf.
3. How much is the affidavit of the loss in the Philippines? The going rate for notarization affidavit loss usually starts at Php 100. The price varies depending on the place and noted the public itself.
Prepare the document. Print at least three copies of the document. Go to the notary public to have the document notarized. Sample Affidavit of Loss for Lost Postal ID. Sample Affidavit of Loss for Lost UMID/SSS ID.
A narration of the circumstances of the loss, which includes (i) description of the item or document lost; (ii) description of how it got lost; (iii) the effort exerted to find it; and (iv) your request for a replacement of the item or document lost. The signature of the affiant.
Title the affidavit. First, you'll need to title your affidavit. Craft a statement of identity. The very next section of your affidavit is what's known as a statement of identity. Write a statement of truth. State the facts. Reiterate your statement of truth. Sign and notarize.
3. How much is the affidavit of the loss in the Philippines? The going rate for notarization affidavit loss usually starts at Php 100. The price varies depending on the place and noted the public itself.
If your securities certificate is lost, accidentally destroyed, or stolen, you should immediately contact the transfer agent and request a "stop transfer" to prevent ownership of the securities from being transferred from your name to another's.