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It is never a good idea to simply white out someone's name on a stock certificate. This would invite a lawsuit for fraud against the Company and, possibly, its officers.
I assume that a stock certificate was issued to Sam Shareholder. For some reason or other, the Sam no longer wishes to participate. The best way to handle this is simple:
Sam endorses the stock certificate to the new shareholder. The company takes the old certificate and writes cancelled on it and issues a new stock certificate to the new shareholder. If there is some dispute with Sam it would be prudent to have Sam execute a release of all claims against the Company.
Edward X. Clinton, Jr.
2009
What else can I help you with?
How can I purchase a stock certificate?
To purchase a stock certificate, you need to open a brokerage account with a financial institution, research and select the stock you want to buy, place an order through your brokerage account, and then pay for the stock. The stock certificate will be issued in your name and stored electronically in your brokerage account.
What forms of a stock certificate are there?
Stock certificates are generally divided into two forms: registered stock certificates and bearer stock certificates. A registered stock certificate is normally only evidence of title, and a record of the true holders of the shares will appear in the stockholder's register of the corporation. A bearer stock certificate, as its name implies is a bearer instrument, and physical possession of the certificate entitles the holder to exercise all legal rights associated with the stock.
How to issue stock certificates in a company?
To issue stock certificates in a company, the company must first determine the number of shares to be issued and the value of each share. Then, the company must create a stock certificate for each shareholder, including details such as the shareholder's name, the number of shares owned, and the company's information. Finally, the stock certificates must be signed by authorized individuals within the company and distributed to the shareholders.
In corporate law what does a stock certificate represent?
In corporate law a stock certificate is a document that shows a company's ownership of a specific amount of shares of stock. Buying shares does not always mean a company will receive a stock certificate.
How can I give a stock certificate gift to someone?
To give a stock certificate gift to someone, you can purchase shares of a company in their name through a brokerage firm. Once the purchase is complete, you can request a physical stock certificate from the company's transfer agent and then present it as a gift to the recipient.
What is a certificate of ownership in a corporation?
A certificate of ownership in a corporation, commonly known as a stock certificate, is a physical document that represents ownership of shares in a company. It includes details such as the shareholder's name, the number of shares owned, and the class of stock. Stock certificates are becoming less common as many corporations now maintain electronic records of share ownership.
What does note of issue mean in court case mean?
It's an older name for an equitable-bond or stock certificate in a company.
How do you fill in the back of a stock certificate?
You should contact the company that you are depositing shares with to ensure proper procedure-especially if the names on the certificate do not match the account name exactly. Generally, all parties on the certificate, should sign the certificate with their names exactly as it appears on the front of the certificate and date it. To ensure it is deposited in your name, you should also complete the middle of the certificate where there is a line "I do hereby irrevocably constitute and appoint __________ as attorney to transfer." In the blank fill out the name of the brokerage firm or transfer agent that you are submitting your shares for deposit to. No other areas need to be completed. Some people also suggest completing a stock power of attorney form and mailing it separetely from the certificate. On a stock power, you would list the security and number of shares the certificate represents and sign it exactly as names appear on the actual certificate. Before mailing, you should always make a copy of the certificate. This way you have record of all the information in case of loss or theft.
Who owns Nationwide Mutual Insurance Company?
Nationwide Mutual is, as the name suggests, a mutual insurance company. This is in contrast to a "stock" insurance company. As such, the "owners" of this Nationwide entity are the policyholders. A stock insurance company is owned by shareholders, who do not have to policyholders of the company.
How do you redeem a Stock certificate issued in 1991 in your maiden name?
Every institution will have different requirements but you will first need these two documents marriage certificate, and current state issue ID. Then you will need to establish a brokerage account to deposit the certificate, from there you proceed as you please
When to Capitalize the S in shareholders?
You should capitalize the "S" in "Shareholders" when using it as a title before a specific group's name, like "ABC Company Shareholders."
My mother recently discovered a stock certificate that is listed in my deceased fathers name We found the value and are interested in selling the stock How does one go about selling it?
If your mother and father were married at the time of his death, I believe she can take the stock certificate (along with the death certificate & will) to a brokerage, like Charles Schwab. You would have to fill out forms authorizing the transaction and pay a commission for the sale. To find a branch in your area and get more information about Schwab's requirements, see the related links.
