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.
Section: Previous 4-8-402 4-8-403 4-8-404 4-8-405 4-8-406 4-8-407 NextLast modified: November 15, 2016