"Bearer Shares" are simply regular Corporation Shares issued to "Bearer". A person who holds the stock certificate made out to "Bearer" at a moment in time is the "stockholder" at that moment in time.

Prior to 2007 Nevada and Wyoming had been the only two states allowing bearer shares. In 2007 both the Wyoming and the Nevada legislatures passed legislation specifically prohibiting their use:

NRS 78.235 Stock certificates: Validation; facsimile signatures; un-certificated shares and informational statements; replacement. 1. Except as otherwise provided in subsection 4, every stockholder is entitled to have a certificate, signed by officers or agents designated by the corporation for the purpose, certifying the number of shares in the corporation owned by the stockholder. A corporation has no power to issue a certificate in bearer form, and any such certificate that is issued is void and of no force or effect.

A good Asset Protection Plan should incorporate maximum privacy, but when required by law to disclose your assets, you will be able to do so, without the risk that those assets will be seized or assigned to a creditor.

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