§ 8406. 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 section 8404 (relating to wrongful registration) or a claim to a new security certificate under section 8405 (relating to replacement of lost, destroyed or wrongfully taken security certificate).
Cross References. Section 8406 is referred to in section 8404 of this title.
Section: Previous 8401 8402 8403 8404 8405 8406 8407 NextLast modified: October 8, 2016