A Guide To Replacing Lost Stock Book Or Certificate
August 8, 2012, 1:24 PM EDT
Law360, New York (August 8, 2012, 1:24 PM EDT) -- The purpose of this article is to provide a simple guide for dealing with a common problem in corporate law — specifically, what should be done when companies’ stock books and outstanding stock certificates, important corporate records, are lost by the company or its stockholders?
The issue can arise in various contexts, such as: (1) the auditor of the stockholder seeks evidence of ownership, or (2) the holder wants to pledge the shares to secure a loan, or (3) the auditor of the issuer wishes to...
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