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The Laws of New York
Consolidated Laws of New York
CHAPTER 38
Uniform Commercial Code
ARTICLE 8
Investment Securities
PART 4
Registration
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SECTION 8-405
Replacement of Lost, Destroyed, or Wrongfully taken Security Certificate
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PART 4
Registration
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SECTION 8-407
Authenticating Trustee, Transfer Agent, and Registrar
This entry was published on 2014-09-22
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SECTION 8-406
Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully taken Security Certificate
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 8, PART 4
Section 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 8--404 or a claim to a new security certificate
under Section 8--405.