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Virgin Islands Affidavit for Issuance of New Stock Certificate with Supporting Facts

Category:
Corporations - Shareholders and Stock
State:
Multi-State
Control #:
US-01291BG
Format:
Word; 
Rich Text
Instant download
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Description

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.

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  • Preview Affidavit for Issuance of New Stock Certificate with Supporting Facts
  • Preview Affidavit for Issuance of New Stock Certificate with Supporting Facts
  • Preview Affidavit for Issuance of New Stock Certificate with Supporting Facts

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How to fill out Affidavit For Issuance Of New Stock Certificate With Supporting Facts?

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FAQ

Key Takeaways. A stock certificate is a physical piece of paper that represents a shareholder's ownership of a company. Stock certificates include information such as the number of shares owned, the date of purchase, an identification number, usually a corporate seal, and signatures.

The share certificate issued by a company is the prima facie evidence that a person is the owner of the company's shares. The misplacement and loss of share certificates will affect the shareholders financially, as there will be no proof of their ownership.

Despite there being no legal requirement, some people nonetheless choose to have signatures notarized or witnessed just in case there should later be a dispute about whether someone actually signed the document.

Depending on your state of incorporation, neither a seal nor paper stock certificates may be legally required. However, your decision to have a seal or certificates should be based on the needs of your corporation.

You can find out who your company's transfer agent is by contacting its investor relations department. Then, the transfer agent will have you send in any paper stock certificates you have, along with a letter of instruction to instruct it on how to change the ownership of the stock.

An investor is issued a share certificate, also known as a stock certificate, when they buy shares of a publicly-traded company. The share certificate serves as a receipt for the stock purchase. The certificate includes important details about the investor's stock ownership such as the number of shares purchased.

To fill out a stock certificate, you fill in the name of the shareholder, the name of the corporation, the number of shares represented by the certificate, the date, and possibly an identification number. There is also a space for a corporate officer to sign on behalf of the corporation and to affix the corporate seal.

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.

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