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Pardon me for not being very knowledgeable about the laws regarding stocks, but you have the certificate... Isn't that your proof? I mean...don't people keep
by blhack 16y ago
Pardon me for not being very knowledgeable about the laws regarding stocks, but you have the certificate... Isn't that your proof?
I mean...don't people keep stock certs in safety deposit boxes and soforth? Does the sec mail you ever year asking if your heart is still beating or something?
- Anechoic 16y agoWhich is exactly the question I asked of the transfer agent, but it seems that if the TA can't get in contact with you over a certain period, they can consider the stock "abandoned". Since I actually have the certificate (well, not anymore, I had to send in the original certificate to the state as proof of ownership), getting the stock back is a straightforward process. But until the state relinquishes its claim, the stock certificate literally isn't worth the paper it's printed on. See http://www.stocktransfer.com/index.cfm?action=shareholders.FAQ.transferStock&displayMenu=FAQ&ssl=0#21 http://www.stocktransfer.com/index.cfm?action=shareholders.F...
- jrockway 16y agoActually, it is worth the paper it's printed on.
- hugh3 16y agoI disagree. Isn't a blank piece of paper worth slightly more than one with something useless printed on it?
- chaosmachine 16y agoIt's probably worth significantly more: http://www.oldstocks.com/ http://www.oldstocks.com/ People pay good money for cancelled stock certificates.