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.
The Utah Affidavit for Issuance of New Stock Certificate with Supporting Facts is a legal document used in the state of Utah to request the issuance of a new stock certificate for a corporation. This affidavit serves as proof of the transfer of ownership or the need for a replacement certificate due to loss, theft, or damage. It assures that the original stock certificate cannot be presented for negotiation. The Utah Affidavit for Issuance of New Stock Certificate requires certain supporting facts to be included to substantiate the need for a new certificate. These facts may vary depending on the circumstance. Key keywords relevant to this process include "Utah Affidavit," "issuance of new stock certificate," and "supporting facts." Different types of Utah Affidavit for Issuance of New Stock Certificate with Supporting Facts may include: 1. Affidavit for Transfer of Stock Certificate: This type of affidavit is used when there is a transfer of ownership of stock within a corporation. It confirms that the original stock certificate is no longer valid and that a new certificate must be issued to reflect the change in ownership. 2. Affidavit for Replacement Stock Certificate: If an original stock certificate is lost, stolen, or damaged beyond use, this affidavit is used to request a replacement certificate. The supporting facts would include the circumstances of the loss, theft, or damage. 3. Affidavit for Correction of Stock Certificate: This affidavit is utilized when there are errors or inaccuracies on an existing stock certificate that require amendment. Supporting facts would include the specific errors and the need for correction. 4. Affidavit for Name Change on Stock Certificate: If a shareholder legally changes their name, this affidavit is used to request a new stock certificate reflecting the updated name. Supporting facts would include legal documentation such as a marriage certificate, divorce decree, or court order confirming the name change. 5. Affidavit for Splitting or Combining Stock Certificates: In cases where a shareholder wants to split their existing stock certificate into multiple smaller certificates or combine multiple certificates into one, this affidavit is utilized. Supporting facts would include the desired split or combination details. When preparing a Utah Affidavit for Issuance of New Stock Certificate with Supporting Facts, it is essential to include accurate and relevant information, adhere to legal requirements, and consult an attorney if needed.
