- Sometimes referred to as a certificate of stock, the stock certificate is a document that establishes the ownership of a specific number of shares in a stock that is issued by a given corporation. The stock certificate provides the legal ability to perform several different tasks involving the shares of stock.
What does stock certificate mean?
A stock certificate is a physical piece of paper that represents a shareholder’s ownership in a company. Stock certificates include information such as the number of shares owned, the date of purchase, an identification number, usually a corporate seal, and signatures.
How does a stock certificate work?
Stock certificate paper is a paper record that shows the investor owns the shares and how many shares the investor owns. It also contains the name of the company, the official signature from an officer of the company or someone in a similar capacity, and an official company seal.
What do I do with a stock certificate?
Take the certificate to a notary public, and sign it in the notary’s presence. Send the stock certificate to the transfer agent by certified mail along with any required documentation of your ownership rights.
How do you get a stock certificate?
The easiest way to get a stock certificate is via a broker, and there’s usually a fee. The simplest way to get a stock certificate today is to ask your broker. If you bought your shares through a brokerage firm, it will have an account with your name and the number of shares you purchased.
Are stock certificates required?
Are stock certificates required? No, unlike in the past, businesses are no longer required to issue stock certificates, although stock owners can request a certificate if they wish.
Who holds stock certificates?
There is no question about who owns the stock. The purchaser is the sole owner, and the broker simply maintains the stock in his possession, often using it as collateral for a loan.
Can I print my own stock certificates?
Be sure to look into the cost of printing your stock certificate when you’re ready to get a copy. Whenever you order a certificate or print your own, there will generally be a fee that goes with it. Make sure you’re aware of the fee before requesting the stock certificate.
How do I sell stock without a certificate?
Contact the Transfer Agency
- Request an affidavit. The transfer agency will require that that you supply them with an affidavit that details the missing certificates and how you lost them.
- Issue a stop transfer. This works much like a stop payment does for a check.
- Alert the Securities and Exchange Commission.
How do I sell my shares certificate?
How to trade share certificates
- Place your online trade. You can trade shares in any UK company that Equiniti maintains the share register for.
- Send share certificate & CREST Transfer form. Please send your share certificate(s) and a signed CREST Transfer form to finalise the sale.
Is my stock certificate worth anything?
Old stock certificates shouldn’t be simply thrown away. They can still have value if they represent an existing or merged company, or if they are valued as collectibles. If the stock has split over the years, the amount listed might not be the amount your certificate is worth.
Can I cash in old stock certificates?
Not anyone can cash in a stock certificate. Most stocks are issued to an individual, but they do transfer to heirs. In this case, the transfer agent will tell you that you need to provide a probated will if you inherited the certificate.
Do stock certificates expire?
Stock shares do not have an expiration date. This may be the case with an old stock certificate you found in a trunk, but it will not hurt to check it out.
How much does it cost to replace a stock certificate?
Pay a fee to reissue the certificates: Whenever you issue paper stock certificates, you’ll pay a fee. My transfer agent charges $50 to issue the shares, but every transfer agent and brokerage is different. I’ve seen rates up to $500 to issue stock certificates.
What is a stock certificate delivery fee?
Stock Brokers – Whopper Fees To Deliver Paper Stock Certificates. Stock brokers use the Depository Trust Company (DTC) to deliver paper stock certificates to customers. In 2009, the DTC started charging a whopping $500 for this service. Since then, almost every broker stopped delivering physical stock certificates.
How do I gift stock to my child?
If you want to gift stocks to your kids who are under 18, you can do so by setting up a custodial account on their behalf. With a custodial account, you technically own the assets in the account on behalf of a minor child. Once they turn 18, the assets in the account belong to them.