Code of Virginia § 8.8A-406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate.
79 words·~1 min read·
/va/chapter-4/8-8a-406A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 § 8.8A-404 or a claim to a new security certificate under § 8.8A-405 .
1996, c. 216 .