New York Laws
Title 5 - Corporate Finance
5007 - Certificates Representing Shares.

(a) That the corporation is formed under the laws of this state.
(b) The name of the person or persons to whom issued.
(c) The number and class of shares, and the designation of the series,
if any, which such certificate represents.
(d) The par value of each share represented by such certificate.
4. Shares shall be transferable in the manner provided by law and in
the by-laws.
5. The corporation may issue a new certificate for shares in place of
any certificate theretofore issued by it, alleged to have been lost or
destroyed, and the board may require the owner of the lost or destroyed
certificate, or his legal representative, to give the corporation a bond
sufficient to indemnify the corporation against any claim that may be
made against it on account of the alleged loss or destruction of any
such certificate or the issuance of any such new certificate.
6. Unless otherwise provided by the articles of incorporation or
by-laws, the board of directors of a corporation may provide by
resolution that some or all of any or all classes and series of its
shares shall be uncertificated shares, provided that such resolution
shall not apply to shares represented by a certificate until such
certificate is surrendered to the corporation. Within a reasonable time
after the issuance or transfer of uncertificated shares, the corporation
shall send to the registered owner thereof a written notice containing
the information required to be set forth or stated on certificates
pursuant to subdivisions two and three of this section. Except as
otherwise expressly provided by law, the rights and obligations of the
holders of uncertificated shares and the rights and obligations of the
holders of certificated shares and the rights and obligations of the

holders of certificates representing shares of the same class and series
shall be identical.