Affidavit of Lost Stock Certificate | Free Template
A formal sworn document used by a shareholder to report the loss of a physical stock certificate. It includes the certificate number (if known), the number of shares, and an agreement to indemnify the issuer against future claims. Essential for obtaining replacement certificates from a transfer agent or corporation.
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Contents
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What is an Affidavit of Lost Stock Certificate?
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What Happens When a Stock Certificate Is Lost?
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The Purpose of an Affidavit of Lost Stock Certificate
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Details Required in an Affidavit of Lost Stock Certificate
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Commissioning an Affidavit of Lost Stock Certificate
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Frequently Asked Questions
What is an Affidavit of Lost Stock Certificate?
An Affidavit of Lost Stock Certificate is a sworn legal document that declares your stock certificate has been lost, stolen, or destroyed. It outlines why the certificate is missing and the steps you''ve taken to recover it.
This Affidavit outlines key details about your stock certificate and the circumstances of its loss so you can request a replacement.
An Affidavit of Lost Stock Certificate serves the following purposes:
- Helps prevent fraud by documenting your loss under oath
- Supports your request for a replacement stock certificate
- Describes the details of your certificate (i.e., issuing company and number of shares)
Once complete, you must sign your Affidavit in front of a notary public or commissioner of oaths in a process called commissioning.
Do you have Questions about your Affidavit of Lost Stock Certificate Document ?
What Happens When a Stock Certificate Is Lost?
If you lose your stock certificate, you can likely obtain a replacement because your ownership of shares remains intact. That said, losing your certificate can result in the complications below:
- Delayed Transactions: In some circumstances, you cannot sell, transfer, or process certain transactions involving your shares until a physical replacement is issued.
- Fraud or Unauthorized Transfer Risk: If someone finds your stock certificate, they may attempt to transfer or misuse it, depending on endorsement and registration status.
If you’ve lost your stock certificate, see which immediate actions you should take to reduce the risk of fraud and other consequences.
The Purpose of an Affidavit of Lost Stock Certificate
If you no longer have access to your stock certificate, an Affidavit of Lost Stock Certificate helps you begin the replacement process. The issuing company or transfer agent often requires this Affidavit before issuing a replacement certificate.
An Affidavit of Lost Stock Certificate serves the following purposes:
- Reports the loss: Confirms that your stock certificate was lost, stolen, or destroyed.
- Identifies key details: Outlines information about the issuing company, number of shares, certificate number, and class of stock.
- Explains the circumstances: Details when and how the certificate went missing, including efforts you’ve made to recover it.
- Initiates the replacement process: Most companies require an Affidavit and supporting documentation to replace a stock certificate.
- Establishes legal accountability: Signing the Affidavit before a notary or commissioner means you’re swearing the information is true under oath, making it legally significant.
Details Required in an Affidavit of Lost Stock Certificate
To draft your Affidavit of Lost Stock Certificate, you’ll need to include some important details. Our free template makes this process simple. Just fill in the blanks, and your Affidavit will be formatted for you automatically.
Here’s the information to include in your Affidavit of Lost Stock Certificate:
- Your full name and current address
- The province or territory where you’re signing the Affidavit
- Details about the lost certificate, including:
- Name of the issuing company
- Jurisdiction where the company was formed
- Number of shares
- Class of stock
- Certificate number
- An explanation of why your certificate is missing (lost, stolen, or destroyed)
- What you’ve done in an attempt to recover the lost stock certificate
- Whether the certificate was endorsed and, if so, how
If you want a full walkthrough on how to complete each section, see our guide on the Affidavit of Lost Stock Certificate.
Commissioning an Affidavit of Lost Stock Certificate
Your Affidavit of Lost Stock Certificate must be commissioned by an authorized official, like a notary public or commissioner of oaths. This is a necessary step, and without it, your Affidavit isn’t valid.
You can meet with a notary online to have your Affidavit commissioned in 7 minutes, from anywhere with a Wi-Fi connection.
How Commissioning Your Affidavit Works
You can commission your Affidavit online through a secure video appointment. During your online notary appointment, the following will take place:
- You’ll present a piece of valid, government-issued ID to verify your identity.
- You’ll swear or affirm that the contents of your Affidavit are true.
- You’ll confirm that you understand the document and are signing voluntarily.
- You’ll sign and date the Affidavit while a notary witnesses in real time.
- A notary signs and applies their official stamp or seal.
To learn more about the commissioning process, check out our guide.
Note: Knowingly providing false information may be considered perjury under Canada’s Criminal Code.
Frequently Asked Questions
Typically, it takes 2 to 6 weeks to receive a replacement stock certificate after submitting all required documents. These include your Affidavit, indemnity bond, and any supporting identification or ownership records.
If you happen to find your missing Stock Certificate after reporting it lost, don’t use it. It may already be marked as invalid. Attempting to use an old certificate after it has been reported as missing may result in legal or financial consequences. Contact the issuing company or transfer agent immediately and let them know you’ve found it.