84-8-406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate.
88 words·~1 min read·
/ks/chapter-84/84-8-406A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
84-8-406. 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 K.S.A. 84-8-404 or a claim to a new security certificate under K.S.A. 84-8-405 .