If a security certificate has been lost, apparently destroyed, or wrongfully taken, the owner fails to notify the issuer of the loss, destruction, or taking within a reasonable time after the owner has notice of the loss, destruction, or taking, 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 AS 45.08.404 or a claim to a new security certificate under AS 45.08.405.
Section: Previous 45.08.401 45.08.402 45.08.403 45.08.404 45.08.405 45.08.406 45.08.407 45.08.408 NextLast modified: November 15, 2016