Legal Question in Investment Law in California

I recently aquired two separate certificates of ownership for 100 shares each in the Delores Mining & Developement Co. and the Alleghany Mining Co.These were purchased in 1908, and 1910 by a long-time deceased neighbor.Both cert. are incorporated(notorized)under their yrs. of purchase.How do I go about transfering them to myself if they should be of value?How do I check them for value?


Asked on 1/03/11, 3:15 am

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Transferring them to yourself would ultimately require you to prove your entitlement to them. Probably you'd end up presenting your proof (if any) of ownership to some state's office of escheated property.

Incidentally, there never was a "Delores Mining & Development Co." (nor "Dolores") in California, and California's Alleghany Mining Co. was incorporated in 1975. There are services that can trace and value "obsolete" securities, however. "Dolores" could be Colorado; Alleghany would likely be in Pennsylvania.

To begin a search for obsolete securities, go to www.sec.gov/answers/oldcer.htm - this link will take you to a Securities & Exchange Commission web site, which lists and gives links to private firms that do research into older companies and their securities.

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Answered on 1/13/11, 8:51 pm


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