I know that for publicly traded companies, one can do a "stop transfer" against the missing securities which helps to prevent someone from transferring ownership from your name to another's name. But how do I replace the stock certificate of a privately held company ? At present the stocks are not traded even within the company. I just need to replace the certificate, in case the company goes public or gets bought over in which case I can cash out my stock.
2006-10-04 05:47:25 · 5 answers · asked by bantu 1 in Business & Finance ➔ Corporations
You will need to sign a lost stock affidavit & indemnity and give it to your company's corporate secretary (or transfer agent in the rare event that your private company is large enough to afford the expense of having one). If it it has a transfer agent, you may also need to post a bond which is usually equal to 2% of the value of the stock. The lost stock affidavit & indemnity requires you to swear under oath that you own the stock, how much you own, the certificate number, that you did not endorse the certificate, that the certificate has not been sold or otherwise encumbered, among other things. It also requires you to state that you have made a diligent search for the certificate and to agree that if the stock certificate is found, you will return it to the company. Most importantly, if anyone claims rights to ownership through the original certificate, you will indemnify the company for any losses it suffers as a result therefrom.
2006-10-04 09:42:09 · answer #1 · answered by BizAnswers 3 · 0⤊ 0⤋
The Corporate Secretary or Transfer Agent who keeps the books on the company's shares can void that missing certificate and issue you a new one...
2006-10-04 08:13:52 · answer #2 · answered by Michael W 3 · 0⤊ 0⤋
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2016-10-01 22:29:26 · answer #3 · answered by ? 4 · 0⤊ 0⤋
ALL stocks have a listed transfer agent. contact the cfo for the name and you will get replacements
2006-10-04 06:01:24 · answer #4 · answered by golferwhoworks 7 · 0⤊ 1⤋
The company CAN answer that question. Go directly to the bookkeeping department and get the ball rolling!
2006-10-04 05:53:56 · answer #5 · answered by Kitty 6 · 0⤊ 1⤋