Stock Ledger Statement

The Stock Ledger Statement is a statement made by the company that tells the name and address of the person who has the Stock Ledger.

What is the Stock ledger? The Stock ledger is the official record of who owns what shares and when they were obtained. Until a person is recorded in the Stock Ledger they have are considered to have no shares and thus no voting rights or dividends. The information that is recorded in the Stock Ledger is as follows:

1. Name and address of the stockholder
2. Date and time they became a shareholder
3. Number # of shares and types
4. Amount they paid for the stock
5. Certificate number
6. If applicable--who they obtained it from

Many states require that a copy of this ledger be kept with the Resident Agent. Nevada requires that a Stock Ledger Statement telling who and where the ledger is kept be kept at the Resident Agent's office.

The advantage to this is that if the Resident Agent is subpoenaed they will show the Ledger Statement instead of a copy of the actual ledger (and thus show who owns stock). The person will then need to obtain a new subpoena to obtain a copy of the actual ledger in whatever jurisdiction that the Ledger is located. Meanwhile the ledger can be moved and a new statement sent to the Resident Agent. At this point the person trying to obtain the information will need to start all over trying to find out where the Ledger is kept. You can only imagine how frustrating this can be to the person trying to find out information regarding your company!