Vermont Affidavit for Issuance of New Stock Certificate with Supporting Facts

State:
Multi-State
Control #:
US-01291BG
Format:
Word; 
Rich Text
Instant download

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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FAQ

When dealing with an estate that includes shares without a certificate, a new one can be requested from the registrars of the company (if known). However, they may impose conditions before granting you with a replacement certificate.

The owner must buy an indemnity bond to protect the corporation and the transfer agent against the possibility that the lost certificate may be presented later by an innocent purchaser. The bond usually costs between two or three percent of the current market value of the missing certificates; and.

If you want to sell or transfer stock but have lost your paper stock certificate, you have no legal proof of ownership?but that doesn't mean you've lost your investment. With a properly completed lost stock certificate affidavit, you can transfer or sell the stock even if you can't find the original certificate.

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.

The owner must buy an indemnity bond to protect the corporation and the transfer agent against the possibility that the lost certificate may be presented later by an innocent purchaser. The bond usually costs between two or three percent of the current market value of the missing certificates; and.

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Vermont Affidavit for Issuance of New Stock Certificate with Supporting Facts