Question

When independent stock transfer agents are not employed and the corporation issues its own stock and maintains stock records, canceled stock certificates should Multiple Choice Not be defaced but be segregated from other stock certificates and retained in a canceled certificates file. Be destroyed to prevent fraudulent reissuance. Be defaced to prevent reissuance and attached to their corresponding stubs. Be defaced and sent to the secretary of state.

Answer 1

When independent stock transfer agents are not employed and the corporation issues its stock and maintains stock records, canceled stock certificates should C. Be defaced to prevent reissuance and attached to their corresponding stubs.

What are canceled stock certificates?

Canceled stock certificates are those that have been rendered void because of mistakes during their issuance.

To ensure that canceled stock certificates are not fraudulently reissued, they must be defaced and not just segregated from others.

Thus, canceled stock certificates should C. Be defaced to prevent reissuance and attached to their corresponding stubs.

Learn more about stock certificates at https://brainly.com/question/14657553

#SPJ12