Affidavit for Issuance of New Stock Certificate with Supporting Facts
About this form
The Affidavit for Issuance of New Stock Certificate with Supporting Facts allows a stockowner to formally declare that their stock certificates have been lost or stolen. This form is important for corporations as it serves as a legal request for issuing a replacement certificate, ensuring that the rights of ownership are maintained. Unlike regular stock transfer forms, this affidavit specifically addresses the unique circumstances of lost or stolen certificates, providing necessary details to protect both the stockholder and the corporation against fraud.
What’s included in this form
- Name of the stockholder who owns the lost certificates.
- Detailed description of the stock certificates, including number, date, and registered name.
- Affirmation that the certificates have not been endorsed or transferred.
- Statement of the stockholder's entitlement to the certificates.
- Description of the circumstances surrounding the loss of the certificates.
- Agreement to surrender any found certificates to the corporation.
When this form is needed
This affidavit should be used when a stockholder has lost their stock certificates or when they suspect their certificates have been stolen. It is particularly relevant when the stockholder wishes to obtain replacement certificates from the issuing corporation while assuring the corporation of their rightful ownership. This form becomes essential in scenarios such as moving, natural disasters, or theft where certificates may be misplaced or irretrievably lost.
Who can use this document
- Individuals who own stock in a corporation and have lost their stock certificates.
- Persons who suspect that their stock certificates have been stolen.
- Corporate officials or attorneys needing to handle stock replacement for clients.
- Anyone looking to formally document the loss of stock certificates in a legal manner.
Completing this form step by step
- Provide the name and address of the stockholder whose certificates are lost.
- List the number of shares and details of the stock, including the name of the corporation and certificate specifics.
- Declare that the certificates have not been endorsed or transferred to another party.
- Describe the circumstances of the loss in detail.
- Sign the affidavit in the presence of a notary public for validation.
Notarization guidance
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to include all required details about the lost certificates.
- Not having the form notarized, if required by local regulations.
- Leaving sections incomplete or unclear, which may delay processing.
- Failing to provide a detailed account of the circumstances surrounding the loss.
Benefits of using this form online
- Convenience of instant access to the form and associated templates.
- Ability to fill out and customize the form to fit your specific situation.
- Secure storage and retrieval options for future reference.
Quick recap
- The affidavit is essential for stockholders needing to replace lost or stolen stock certificates.
- Notarization is a key requirement to ensure the affidavit's validity.
- Detailing the circumstances surrounding the loss is critical for the affidavit.
- Local laws may vary, so consult state-specific regulations before use.
Looking for another form?
Form popularity
FAQ
Stock certificates can be damaged or destroyed and also are at risk of being lost or stolen. If you need to replace a lost stock certificate, you can do so by contacting the brokerage or the company that issued it.
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.
Old stock certificates shouldn't be simply thrown away. They can still have value if they represent an existing or merged company, or if they are valued as collectibles.If the stock has split over the years, the amount listed might not be the amount your certificate is worth.
Date: Including month and year. The certificate's identification number: At the top of the document (generally on the left side), write the number of the certificate. Share's identification number: This line is also at the top (generally on the right side). Put the shares number and the prices of the transaction.
Contact your stockbroker to search the stock's worth via its CUSIP number if the steps given earlier yield no results. This number is printed on the back of the stock certificate. Use a fee-based service to search your stock's history if the earlier steps come up empty.
Some companies no longer issue paper stock certificates. However, when you own shares in a corporation that still provides them, you can be issued paper stocks.If the company offers a direct stock purchase plan, you might want to make your investment using this service.
If a share certificate has been lost, stolen or destroyed, you should contact us by phone or in writing.If you are a sole shareholder based in the UK and the value of missing shares is less than £10,000, you may be entitled to use the Telephone Express Service to obtain a new certificate.
Contact your stockbroker to search the stock's worth via its CUSIP number if the steps given earlier yield no results. This number is printed on the back of the stock certificate. Use a fee-based service to search your stock's history if the earlier steps come up empty. Fees can range from $40 to $85 or more.
Pay a fee to reissue the certificates: Whenever you issue paper stock certificates, you'll pay a fee. My transfer agent charges $50 to issue the shares, but every transfer agent and brokerage is different. I've seen rates up to $500 to issue stock certificates.
