California Commercial Code Section 8406
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California Laws > Commercial Code > California Commercial Code Section 8406
8406. 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 Section 8404 or a
claim to a new security certificate under Section 8405.
Section: 8406
Last modified: February 22, 2013
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