Lost, Stolen or Destroyed Certificate or Acknowledgment Clause Samples

The "Lost, Stolen or Destroyed Certificate or Acknowledgment" clause outlines the procedures to follow if an original certificate or acknowledgment document is lost, stolen, or destroyed. Typically, this clause allows the holder to request a replacement by providing satisfactory evidence of the loss and, in some cases, an indemnity to protect the issuer from potential claims. Its core function is to ensure that parties can obtain replacement documents without undue difficulty, thereby maintaining the integrity of record-keeping and preventing potential disputes over ownership or entitlement.
Lost, Stolen or Destroyed Certificate or Acknowledgment. If a share certificate or a non-transferable written acknowledgment of a shareholder’s right to obtain a share certificate is lost, stolen or destroyed, the Company must issue a replacement share certificate or acknowledgment, as the case may be, to the person entitled to that share certificate or acknowledgment, if it receives: