§ 6A-8-406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
SECTION 6A-8-406
§ 6A-8-406 Obligation to notify issuer oflost, destroyed, or wrongfully taken security certificate. – If a security certificate has been lost, apparently destroyed, or wrongfullytaken, and the owner fails to notify the issuer of that fact within areasonable time after the owner has notice of it and the issuer registers atransfer of the security before receiving notification, the owner may notassert against the issuer a claim for registering the transfer under §6A-8-404 or a claim to a new security certificate under § 6A-8-405.