What is the procedure for a registered owner to obtain a new certificate of stock to replace one that is lost, stolen, or destroyed?
The registered owner or their legal representative must first file an affidavit in triplicate with the corporation, detailing, if possible, the circumstances of the loss, the number of shares, the serial number of the certificate, and the issuing corporation (SEC. 72, Revised Corporation Code of the Philippines). After verifying this information with the corporate books, the corporation must publish a notice once a week for three (3) consecutive weeks in a newspaper of general circulation at the owner’s expense. The notice must state that after one (1) year from the last publication date, the right to contest the certificate will be barred, and a new certificate will be issued, unless a contest is presented to the corporation or a court action is pending regarding ownership. The one-year waiting period may be waived if the registered owner files a suitable bond or other security satisfactory to the board, allowing for immediate issuance.
02 November 2025
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