TeachMeFinance.com - explain Destroyed or defaced securities
Destroyed or defaced securities -- A new certificate can be
secured in place of a destroyed stock or bond by furnishing
proof of destruction, together with a bond of indemnity for
double the amount of the stock certificate or bond. A defaced
stock certificate or bond, if the defacement does not
obliterate amounts and names, can generally be exchanged for
a new one by ordinary transfer.
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