362.720. Receiving or consolidated company shall issue new certificates for old, when. - Missouri Statutes

Receiving or consolidated company shall issue new certificates forold, when.

362.720. The receiving bank or trust company under themerger, or the consolidated corporation, may require the returnof the original certificate held by each stockholder in either ofthe merging corporations or in either of the consolidatingcorporations, unless the certificate or certificates have beenlost or destroyed, and shall cancel the original certificates andissue in lieu thereof new certificate or certificates for suchnumber of its own shares as the stockholders may be entitled toreceive under the agreement providing for the merger or for theconsolidation and according to the terms and conditions containedin the agreement for the merger or consolidation; provided, thatif the original certificate or certificates are lost ordestroyed, then, before issuance of new certificate orcertificates in lieu thereof, the loss or destruction shall beproved by affidavit or otherwise to the satisfaction of the boardof directors of the receiving or consolidated corporation, andindemnity satisfactory to the board shall be given.

(L. 1967 p. 445)

(Source: RSMo 1959 § 363.880)