Sign New Mexico Banking Stock Certificate Simple

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Sign in New Mexico Stock Certificate for Banking

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Stick certificate

Oh in finishing up the packet for for the teachers and just talk a little bit about sort of the certificates themselves and the how they were to convey value in so we've got a couple of numbers on here is there a are there any numbers in particular that you kind of wanted to highlight while we're while we're here that you think would be a particular importance to the teachers so why don't you take a couple of numbers and then we can just kind of go over a couple of numbers on the certificate I'll just say that the certificates you know over time they've had stock certificates and really certificates at one point in time were to show that you own stock in a company that you had you know an interest in equity interest in the company and now you know certificates are done electronically and as a result you miss all the steps that people had to go through to get a certificate issued but these particular certificates or issued in a certain standardized format because the stock exchange is required it each Stock Exchange required every member to have a different border around it they all had to have unique borders they uh they had to have unique vignettes which is a picture that's on the certificate they had a show who their transfer agent was who their registrar was the registrar's who when they who registers the stock to begin with transfer agent when a trend when transfers ownership for one person to another they needed to show what type of stock it was the type of stock they were buying but you know it was more of a recognition that you bought equity in that company but as it turned out people lose stock certificates mm-hmm and then they got him replaced so a lot of times people think because I have a physical stock certificate that was issued in my name I might name or relatives name that was endorsed over to me that it still has equity in that company and it may have that but if a company can't get a hold of a shareholder for a certain period of time they're required to escheat that value of that certificate or the actual stock over to the state where that person lived and as a result of that they don't necessarily have ownership anymore in the company because it was turned over the state and they have to go to the unclaimed funds of the state to see if the states have any money sitting out there for them and it's unfortunate because people you know and it's evolved over time in this whole process where people would think that if I have that certificate stashed away in a safe deposit box I've endorsed the back of it I'm giving it to my relative that they can cash it in but if they lose contact with the company...

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