Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 1 - Uniform Commercial Code > Chapter 8 - Investment Securities > Part 4 - Registration > § 4-8-406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.

§ 4-8-406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.

4-8-406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.

If a security certificate has been lost, apparently destroyed, or wrongfully taken, and the owner fails to notify the issuer of that fact within a reasonable time after the owner has notice of it and the issuer registers a transfer of the security before receiving notification, the owner may not assert against the issuer a claim for registering the transfer under 4-8-404 or a claim to a new security certificate under 4-8-405.