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| ] stock certificate, 1903]] | |||
| In ], a '''stock certificate''' (also known as ''certificate of stock'' or '''share certificate''') is a legal document that certifies ] of a specific number of ]s (or fractions thereof) in a ]. In large corporations, buying shares does not always lead to a stock certificate (in a case of a small number of shares purchased by a ], for instance). | |||
| Usually only ]s with stock certificates can vote in a shareholders' general meeting. Sometimes a shareholder with a stock certificate can give a ] to another person to allow them to vote the shares in question. Voting rights are defined by the corporation's charter and ]. | |||
| Stock certificates are generally divided into two forms: registered stock certificates and ]s. A registered stock certificate is normally only evidence of title, and a record of the true holders of the shares will appear in the stockholder's register of the corporation. A bearer stock certificate, as its name implies is a ], and physical possession of the certificate entitles the holder to exercise all legal rights associated with the stock. Bearer stock certificates are becoming uncommon: they were popular in ] for their perceived confidentiality, and as a useful way to transfer beneficial title to assets (held by the corporation) without payment of ]. International initiatives have curbed the use of bearer stock certificates in offshore jurisdictions, and tend to be available only in onshore financial centres, although they are rarely seen in practice. | |||
| == See also == | |||
| * ] | |||
| ==External links== | |||
| * | |||
| * | |||
| * | |||
| * : specializes in vintage stock and bond certificates along with historical Wall Street memorabilia. | |||
| {{commonscat|Stock}} | |||
| {{law-stub}} | |||
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Revision as of 01:10, 5 November 2008
brooks baker