§490:8-406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
§490:8-406 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 490:8-404 or a claim to a new
security certificate under section 490:8-405. [L 1997, c 33, pt of §2]