Intermediate slip
An interim certificate (also interim certificate or a right dummy ) is the temporary version / charter of a share , or more precisely a share certificate in a company, the shareholders prior to the issuance of the shares will be allocated and on the express the same provisions of the German Stock Corporation Act are as applied to shares ( § 8 para. 6 AktG).
backgrounds
Intermediate certificates are often issued as a quasi-provisional certificate of stock ownership when a joint stock company is founded or when capital is increased . Once the final shares have been created, these will be substituted for the intermediate coupons. Interim receipts may only be issued after the new shares have been entered in the commercial register .
Since almost all new shares are now issued in the form of global shares, i.e. no actual shares are delivered, but virtual shares that are immediately available through electronic bookings, interim notes have no practical significance these days and have almost been forgotten.
In the past, there was a malicious scheme of selling unsuspecting customers international interim notes for a while, but later it often turned out that the public companies advertised had not even been founded, resulting in a total loss.
