Common use of Lost, Destroyed or Mutilated Certificates Clause in Contracts

Lost, Destroyed or Mutilated Certificates. The holder of any certificate representing shares of stock of the Corporation shall immediately notify the Corporation of any loss, destruction or mutilation of such certificate, and the Corporation may issue a new certificate in the place of any certificate theretofore issued by it which the owner thereof shall allege to have been lost, stolen or destroyed or which shall have been mutilated, and the Board may, in its discretion, require such owner or such Person’s legal representatives to give to the Corporation a bond in such sum, limited or unlimited, and in such form and with such surety or sureties as the Board in its absolute discretion shall determine, to indemnify the Corporation against any claim that may be made against it on account of the alleged loss, theft or destruction of any such certificate, or the issuance of a new certificate. Anything herein to the contrary notwithstanding, the Board, in its absolute discretion, may refuse to issue any such new certificate except pursuant to legal proceedings under the laws of the State of Delaware.

Appears in 2 contracts

Samples: Business Combination Agreement (VASO Corp), Business Combination Agreement (Achari Ventures Holdings Corp. I)

AutoNDA by SimpleDocs

Lost, Destroyed or Mutilated Certificates. The holder of any certificate representing shares of stock of the Corporation shall immediately notify the Corporation of any its loss, destruction or mutilation of such certificate, and the Corporation may issue a new certificate of stock in the place of any certificate theretofore issued by it which the owner thereof shall allege that has been alleged to have been lost, stolen lost or destroyed or which that shall have been mutilated, and the . The Board may, in its discretion, require such the owner (or such Person’s his legal representatives representative) of a lost, destroyed or mutilated certificate to give to the Corporation a bond in such a sum, limited or unlimited, and in such a form and with such any surety or sureties sureties, as the Board in its absolute discretion shall determine, to indemnify the Corporation against any claim that may be made against it on account of the alleged loss, theft loss or destruction of any such certificate, or the issuance of a new certificate. Anything herein to the contrary notwithstanding, the BoardBoard of Directors, in its absolute discretion, may refuse to issue any such new certificate certificate, except pursuant to legal proceedings under the laws of the State Commonwealth of DelawarePennsylvania.

Appears in 1 contract

Samples: Merger Agreement (Execufirst Bancorp Inc)

AutoNDA by SimpleDocs

Lost, Destroyed or Mutilated Certificates. The holder of any certificate certificates representing shares of stock of the Corporation shall immediately notify the Corporation of any loss, destruction or mutilation of such certificate, and the Corporation may issue a new certificate of stock in the place of any certificate theretofore issued by it which the owner thereof shall allege to have been lost, stolen lost or destroyed or which shall have been mutilated, and the Board may, in its discretion, require such owner or such Person’s his or her legal representatives to give to the Corporation a bond in such sum, limited or unlimited, and in such form and with such surety or sureties sureties, as the Board in its absolute discretion shall determine, to indemnify the Corporation against any claim that may be made against it on account of the alleged loss, theft loss or destruction of any such certificate, or the issuance of a new certificate. Anything herein to the contrary notwithstanding, the Board, in its absolute discretion, may refuse to issue any such new certificate certificate, except pursuant to legal proceedings under the laws of the State of DelawareMaryland.

Appears in 1 contract

Samples: By Laws (Cummer Moyers Funds Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!