408.406 Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate.
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/wi/chapter-408/408-406-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
408.406 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 s. 408.404 or a claim to a new security certificate under s. 408.405 .