Subject: Stocks - Replacing Lost Certificates
Last-Revised: 14 Mar 2010
Contributed-By: Richard Sauers (rsauers at enter.net), Bob Grumbine (rgrumbin at nyx.net), Chris Lott (contact me), C. Constantmn Poindexter
If a person loses a stock, bond or other certificate through fire, theft, or whatever, shares registered in the stock holder's name (as opposed to so-called "street name") can be replaced fairly quickly and easily.
To replace a lost certificate, begin by contacting the appropriate transfer agent. Stock transfer agents are often listed on a company's web site. If you don't know the transfer agent, contact the company to find out. The Value Line or Standard & Poor's Corporation Records (probably available at your friendly local library) are good sources for the company's contact address. You will need to know the approximate date the certificate was issued.
The transfer agent will require you to post a surety bond, often called a lost instrument bond or a lost security bond. A surety bond indemnifies the issuer from any loss that it might incur as a result
If you hold securities in your name (i.e., you have the certificates instead of depositing them with a broker), you might consider preparing yourself for the possibility of a loss by keeping a copy of every certificate separate from the original. The certificate shows show the security number, transfer agent, etc.
The Securities Transfer Association is a trade organization that
provides some information about transfer agents:
The following companies provide surety bonds in the United States:
Surety One is licensed to execute lost-instrument bonds in all fifty
states. Underwriting time is usually same-day to twenty-four hours.
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