Thus, there are occasions when stockholders are not issued their
stock certificates even if they've paid for their stocks, or deeds of transfer or donation of stocks in their favor have been sent to the corporate secretary.
said Tuesday that it will stop issuing the paper
stock certificates to shareholders on Oct.
A
stock certificate has important legal significance Generally speaking, it can be endorsed and transferred from one person to another.
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No
stock certificates will be issued until that point and thus the shareholders are locked into their purchase until that time.
XYZ prepared a
stock certificate and a check for each participant receiving a distribution.
It is no longer necessary for the lender to take possession of the
stock certificate or proprietary lease in order to perfect its security interest (8.8 was the case under the prior versions of the law).
Have the brokerage firm send the
stock certificate directly to the club's treasurer via certified mail.
Bank, my 401(k) was rolled over into an IRA
stock certificate," says Myra.
While every other sale and
stock certificate transaction is neatly detailed in the minutes, a shareholder concerned about the insider trading realized the board president's transactions are absent.
When a shareholder in a cooperative sells his unit, yet cannot locate the
stock certificate and/or lease, the typical procedure is to ask him to sign a lost stock affidavit, which states that he misplaced the documents and that no lender has an interest in the unit.
Each unit owner turns over the propriety lease and
stock certificate and gets a deed for their unit.