Can an unlisted company stock certificate or bond be cashed in even though it has another persons name on it?
Perhaps. If the original owner of the stock has “signed off” on the back of the stock certificate even though it hasn’t been cashed in, it becomes what is known as a “bearer certificate” which generally means whoever owns the certificate is considered the owner. If the stock certificates are not signed on the back and the company is still in business, the policy on cashing in the stock certificates will vary from business to business and from state to state.
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