Q: Who is responsible for a stock certificate?
I inherited stock from my parents. The company was recently bought out and I have to submit the certificates for the new company to get the new stock. I never received the stock certificate originally. It was sent to my brother (I assume since he was the executor of the will), and he never gave it to me. My brother has since died also. It's now going to cost me over 5K for the "lost" certificate to replace it. My question is shouldn't the company have issued the stock to me instead of my brother (they had my address)? What recourse do I have? Thank you.
A: If it's going to cost that much (sounds remarkably steep), it's certainly worth an hour consultation with a local business lawyer to determine your rights and options.
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