If you lose your stock certificate, don’t worry—for the majority of stocks, you still own your shares even without the paper certificate. One of the requirements will be a Indiana Lost Stock Certificate Bond. This is a type of surety bond.
See our “What is a Surety Bond” Video.
Follow the steps below to get your certificate replaced.
How to Replace a Lost Stock Certificate in Indiana
1. Notify the Transfer Agent
First, you must notify the transfer agent of the loss. The transfer agent will place a “stop transfer” on the certificate. This is to prevent others from cashing it in. The transfer agent or the broker-dealer will then notify the SEC of the lost or missing certificates. The transfer agent will have a facility available to purchase the bond. Usually, the cost of the Indiana Lost Stock Certificate Bond from the transfer agent is 30% to 50% higher than the cost of Surety1.com placing the bond. The Transfer agent cannot legally require the bond be purchased from them.
2. Apply for a Indiana Lost Stock Certificate Bond
To replace your lost stock certificate, a “lost instrument bond” for a stock certificate is required by the issuing company. This bond is a third-party guarantee against financial loss for the company. Learn more about what the bond does and why it’s required. The bond is signed by the principal (the party that lost the stock) and submitted to the transfer agent.
The Bonding Process is simple at Surety1.com:
- Complete our easy to navigate and secure online application form.1
- Review your free, no obligation quote from one of our professional surety bond agents, usually within 1 business day.2
- Sign some paperwork and pay the bond premium.
Once these steps have been completed, the Indiana Lost Stock Certificate Bond will be shipped for the required original signature of the principal before it is submitted to the transfer agent. If you encounter any problems along the way, contact surety1.com via email, [email protected] or by phone (877)654-2327.
1- Be sure to upload the letter from the transfer agent indicating a stop has been placed on the stock and the outlining the surety bond requirements.
2- Subject to underwriter approval, based on surety bond exposure, additional underwriting information may be required by the surety prior to proving a firm quote.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003. We also maintain an A+ rating from the Better Business Bureau.