As per Corporate law, a Stock Certificate can be termed as legal document that specifies the ownership of certain numbers of stock shares in a corporation. It is the basic custom of all corporations to represent their shares of ownership through, Stock Certificates, which are also ownership shares of the owners. Stock Certificates are also known as Certificate of Stock or Share Certificate according to corporate law.
The share certificate is also material evidence of the possession of specific numbers of shares in a Corporation. These certificates also show shareholders money or property investments in the company.
It is also essential to remember that all Stock Certificates are serially numbered and printed with the name of share owner, capitalization, state, and signature titles. In lieu of these details, types, classes, limitations and special contents are also recorded on corporate share certificates.
There are various types of Certificate of Stocks. A simple or general Stock Certificate has corporate name and share details printed on them, whereas custom-printed share certificates contains corporate name, share information, per value of the stock value, state of organization, corporation logo and custom artwork. Different corporations use different designs, colors, borders, sizes and styles for their Share Certificates.
But, on occasions, shareholders may loose or misplace his/her stock certificate or they are destroyed due to fire, theft, flood and numerous other valid reasons. Such loss may result in loosing the copy and loss of investment of these stocks, if replacements are not made for the lost Share Certificates.
It is necessary for a shareholder to submit a written statement declaring physical loss of Certificate of Stocks. Such written statements are legally known as Affidavits, which contains details of the loss, name of the owner, serial no., date of issue and so on. The Affidavit is also an oath, outlining the actual loss of the security/stock certificate to the best of the shareholders knowledge. The shareholder may also issue a letter of Indemnity, requesting the replacement, once the statement is made.
Below givenAffidavit of Loss Stock Certificate template will help you in drafting your Affidavit for the lost Share Certificates
AFFIDAVIT OF LOST STOCK CERTIFICATE
I____________ of the____________ on this_____ day of___________ 200(x).
MAKE OATH AND SAY AS FOLLOWS:
That the undersigned is the owner of record of______ shares of the common stock of______________, (the "Corporation") as same appear on the books and records of the Corporation as certificate number___________.
The undersigned has made a due and diligent search for the said stock certificate but has lost or misplaced same. The undersigned warrants and represents that the said stock certificate has not been sold, pledged or transferred.
As an inducement for the Corporation issuing a duplicate replacement certificate, the undersigned agrees to fully indemnify and save harmless the Corporation for any claim of ownership by any asserted owner or holder of the said shares.
(FOR NOTARY PUBLIC)
STATE OF_________ COUNTY OF___________In___________, on the________ day of_______, 200x,
before me, a Notary Public in and for the above state and county, personally
appeared_______________(NAME OF AFFIANT), known to me or proved to be the person named in and who executed the foregoing instrument, and being first duly sworn, such person acknowledged that he or she executed said instrument for the purposes therein contained as his or her free and voluntary act and deed.
Type of Identification Produced:_____________
Affiant is / is not personally known to me( )
My Commission Expires:___________