USA Pledge of Shares of Stock

Obtain a pledge of shares of stock as security for a loan - have the borrower sign this downloadable form which can be used anywhere in the United States.

• The shares will be held by the lender as security for repayment of a promissory note.
• The lender has the authority to direct the company who issued the shares to transfer ownership on the books of the company into the lender's name.
• The lender agrees not to sell or encumber the shares, or collect dividends on them.
• The borrower will continue to vote the shares as long as he/she is not in default under the Note.
• Once the debt is repaid, the shares will be transferred back to the borrower.