17-5420.   Lost certificates.Upon the filing with an association by a member of record, or his legalrepresentative, of an affidavit to the effect that the membershipcertificate evidencing his membership in the association has been lost,stolen or destroyed, and that such membership certificate has not beenpledged or assigned, in whole or in part, such association shall issue amembership certificate, marked on the face thereof a duplicate, in the nameof such holder of record, evidencing his membership in the association:Provided, That the board of directors may in its discretion requiresuch member or his legal representative to furnish a bond to theassociation in an amount sufficient to indemnify it against any loss whichmight result from the issuance of such duplicate membership certificate.

      History:   L. 1943, ch. 133, § 78; July 1.