stock certificate


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stock certificate

n. printed document which states the name, incorporation state, and date of incorporation, the registered number of the certificate, the number of shares of stock in a corporation the certificate represents, the name of the shareholder, the date of issuance, and the number of shares authorized in the particular issue of stock, signed by the President and Secretary of the corporation (or with facsimile signatures). On the reverse side of the certificate is a form for transfer of the certificate to another person. After transfer the new owner should register the change of ownership with the corporation. (See: share, stock, corporation)

References in periodicals archive ?
The justices stated that a stock certificate is not stock in the corporation but is merely evidence of the holder's interest and status in the corporation, his ownership of the share represented thereby, but is not in law the equivalent of such ownership.
The stock certificates, with images of Mickey Mouse, Dumbo and Tinker Bell on them, have long been collector's items and a fixture in many children's bedrooms.
As an additional good business practice, it would be prudent to note on the stock certificate or the ledger the number of shares that are authorized to be issued by the company (this is set forth in the company's articles of organization that are filed with the secretary of state).
Articles, Bylaws, Minutes, and Stock Certificate. As part of the incorporation process, the contractor's lawyer should prepare articles of incorporation, bylaws, minutes of organizational meeting, share certificate, and minute book.
In addition the court concluded the delay in delivering the stock certificate to Pershing did not constitute a transfer of ownership to the taxpayer since the delay did not change the underlying nature of the transaction.
One of her pursuits in this regard was the collecting of old mining stock certificates, a collection which grew to more than 3,000 items.
Users of this software would include Small Business Corporations, Small Community Owned Banks, CPA Firms, Law Firms and anyone that needs to manage stockholder and stock certificate information.
Oneshare.com, which sells framed stock certificates, may be a good way to introduce the concept of stocks to a young child; however this approach falls short for an older child or teenager, Consider the site a way to begin a dialogue with your kids, but be sure to go further and use other resources to explain investing more fully.
At all times, the IRA, not M, was the owner of the shares even though it may not have been in physical possession of the stock certificate. The failure to deliver the stock certificate would not invalidate the transaction.
For intangible personal property for which the written evidence is treated as the property itself, such as a contract or a stock certificate, the physical location at death determines situs.
In contrast, in 1988, prior to the passage of the NASAA resolution discussed above, the state of Kentucky issued a no-action enforcement position on the gifts of shares of a Nevada shell company to 300 persons, provided strict stock-transfer restrictions through stock certificate legends and the transfer agent were used.
As per sub-regulations 24 (2) and 24(3) of Government Securities Regulations, 2007 payment of maturity proceeds to the registered holder of Government Security held in the form of Subsidiary General Ledger or Constituent Subsidiary General Ledger account or Stock Certificate shall be made by a pay order incorporating the relevant particulars of his bank account or by credit to the account of the holder in any bank having facility of receipt of funds through electronic means.