Legal Question in Investment Law in Nevada
stock certificate
my stock certificate was issued to me with roughly 160000 more shares then it should be...the company wants me to return it and send me my lesser amount that i paid for...do i have to send it back??
Asked on 6/12/09, 11:32 am
1 Answer from Attorneys
Warren Markowitz
Warren R. Markowitz, Esq
Re: stock certificate
If the shares were issued incorrectly then they are entitled to void your certificate and issue you a proper one.
They are also allowed to void the cert without you returning it and correcting the share amount on their books and records. I would suggest that you simplify the process for all and return the cert and have them issue you a new one, it will provide an easier route for you when you go to sell it in the future.
Answered on 6/12/09, 12:30 pm
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