Stock certificate


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Stock certificate

A document representing the number of shares of a corporation owned by a shareholder.

Stock Certificate

A physical document that gives the person or company listed a portion of ownership in a publicly-traded company. Stock certificates often contain a great deal of information, such as the owner's name, a right attached to the ownership (such as a warrant), or something else entirely. Stock certificates are vitally important as one may use them in court to prove a fact alleged.

stock certificate

Stock certificate.

A stock certificate is a paper document that represents ownership shares in a corporation.

In the past, when you bought stock, you got a certificate that listed your name as owner, and showed the number of shares and other relevant information. When you sold the stock, you endorsed the certificate and sent it to your broker.

Stock certificates have been phased out, however, and replaced by electronic records. That means you don't have to safeguard the certificates, and can sell shares by giving an order over the phone or online.

The chief objection that's been raised to the new system is largely nostalgic and aesthetic, since the certificates, with their finely engraved borders and images, are distinctive and often beautiful.

References in periodicals archive ?
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.
The new Stock Works Version 7.0 is an affordable software solution for the small business corporation for efficiently tracking stockholders and stock certificates and providing many useful reports as well as giving you the option of exporting data and creating your own custom reports.
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.