What type of bond is required to reissue a lost stock certificate?

A Lost Instrument Bond is specifically designed to protect against the potential financial loss associated with the reissue of a lost stock certificate. When an individual claims that a stock certificate has been lost, the issuing company requires assurance that the certificate will not be presented for payment by someone who may find it later.

The Lost Instrument Bond provides that assurance, essentially guaranteeing payment to the issuer in the event that the original certificate is presented after the reissue. This type of bond is tailored to address situations involving lost or misplaced instruments, ensuring that parties involved have protection and that the rights to the shares can be re-established securely.

Other types of bonds listed, such as Mortgage Bonds, Performance Bonds, and Surety Bonds, serve different purposes and do not relate specifically to lost stock certificates, which sets the Lost Instrument Bond apart as the appropriate answer.