How to Replace Lost Stock Certificates
If you lose a stock certificate, whether through fire, theft or some other means, replacing that certificate is a relatively straightforward process, although you will need to jump through a few hoops. You'll need to contact the company's stock transfer agent, and you should be prepared to post a surety bond that will cost you approximately 3 percent of the value of the certificates you are replacing.
Other People Are Reading
Instructions
-
-
1
Contact the stock transfer agent at the company whose certificates you have lost. If you do not have an address for the company's stock transfer agent, contact the company and ask for the agent's address. If you need help locating the company's address, phone number or email, the Better Business Bureau offers an online service to provide that information. See the Resources section.
-
2
Tell the company's stock transfer agent how many shares have been lost and the approximate date on which they were purchased.
-
-
3
Buy a surety bond as per the stock transfer agent's instructions. The transfer agent will recommend a surety bond company. The bond will cost you approximately 3 percent of the value of the certificates you are trying to replace.
-
4
Provide the stock transfer agent with proof that you have purchased the surety bond, as per the agent's instructions, and your new certificates will be sent to you.
-
1
Tips & Warnings
To forestall such problems in the future, make photocopies of all of your stock certificates and keep them in a separate location so that if your certificates are lost, stolen or destroyed, you have the certificate number and date of purchase to provide to the transfer agent. Most shareholders who buy shares through a broker do not receive their certificates. Certificates are registered in a "street name," and no actual certificate is ever issued to the purchaser.
More Like This
Comments
-
ritikasadh
Dec 26, 2010
The above article is quite informative. How i wish i had read it earlier when I lost my stock certificates. Otherwise, to get rid of these paper issues, i have subscribed myself to services of 'kleeto', which is India's first document management service that provides physical storage of your documents as well as online access. Not just this, one can retrieve them anytime. As of now, they are providing free services for trial and so far my experience is just too good and i am looking forward to become their customer in the long run. -
deeptia
Nov 27, 2010
The above given article is quite informative. Seriously, we often tend to lose important documents due to one or other reason. Given the kind of person I am, i find it very difficult to manage them. I am seriously considering the idea of taking any professional help to manage my documents and i even searched a lot for the same a lot but no success till now. However, i have recently joined this page on facebook,'clip to click' were they are talking about soon to be launched service that would facilitate individual document management... let' see how that shapes up, although they say it's only for India for now.
