Reed owns one share of stock in SK8 Boards Corporation, as evidenced by a stock certificate. Reed loses the certificate. Reed's ownership of the stock is

Question

Quizplus · Accepted Answer

Reed's ownership of the stock is not affected by the loss of the stock certificate. While it is important to have the stock certificate as evidence of ownership, the certificate itself is not the actual ownership of the stock. Reed can request a new certificate from SK8 Boards Corporation, although there may be fees associated with this process. It is also important for Reed to notify SK8 Boards Corporation of the lost certificate so that they can take appropriate measures to prevent fraudulent activity.

Reed Owns One Share of Stock in SK8 Boards Corporation