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Indeed, your company must keep duplicates of every issued share certificates at its authorised office or alternatively, the inspection location. They must be kept together with the statutory members register to contain the information of your company's past and present shareholders.
Your broker-dealer is responsible for maintaining the records of your ownership interest in the security, and you don't have to worry about your securities certificates being lost or stolen. Because your securities are already held with your broker-dealer, you might have access to additional benefits and features.
A stock certificate is a physical piece of paper that represents a shareholder's ownership in 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.
Action without meeting. (a) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this act to be taken at a board of directors' meeting may be taken without a meeting if the action is taken by the requisite number of members of the board.
The easiest way to get a stock certificate is via a broker, but be prepared to pay for it. The simplest way to get a stock certificate today is to ask your broker. If you bought your shares through a brokerage firm, it will have an account with your name and the number of shares you purchased.
For a stock, the holder of record typically has shareholder voting rights and receives dividend payouts, if there are any. For a bond, the holder of record owns the bond and receives the principal and interest payments. Holders of record may be recorded in a register of shareholders or similar type of ledger.
Only corporations, like C corporations and S corporations, can issue stock certificates. Other business entities have different methods for documenting ownership. Only private companies can request a physical stock certificate.
The most direct route to get a share certificate is to contact the transfer agent for the stock. You can find a stock's transfer agent listed on the investor relations tab of the company's website, or by calling the investor relations department directly.