§ 36-8-406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
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/sc/title-36-commercial-code/chapter-8/commercial-code-investment-securities/36-8-406·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 36-8-406. 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 Section 36-8-404 or a claim to a new security certificate under