Q: I have a 20th Century non negotiable account certificate stating I am the sole shareholder, custodian for (my son).
Is it possible for the person who bought this for us to revoke or cash it in themselves without my knowing?
A: Not likely that it can be cashed or revoked. An attorney cannot answer that question without looking at the actual document. As you probably know "non-negotiable" means it can't be cashed or transferred. It's locked in until a certain date. It was set up for the benefit of your son, not for the benefit of the person who bought it. I am guessing that because you are asking this question, that you have only heard that this account certificate has been set up and that you don't have a copy to look at. If you are the custodian you should be able to get a copy of the document from the company that issued it after you present them with proper I.D. Also the company that issued it will be able to answer the question. This is a financial product. If you have a financial advisor, he or she may have friends or associates who have contacts with this company and you may be able to get an answer indirectly through them. An attorney or financial advisor needs to actually see the document to give you a proper answer.
James Edward Berge agrees with this answer
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