Section 57A-8-406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken securitycertificate. - South-dakota Statutes

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57A-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 § 57A-8-404 or a claim to a new security certificate under § 57A-8-405.

Source: SL 1998, ch 284, § 1.

State Codes and Statutes

Statutes > South-dakota > Title-57a > Chapter-08 > Statute-57a-8-406

57A-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 § 57A-8-404 or a claim to a new security certificate under § 57A-8-405.

Source: SL 1998, ch 284, § 1.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-57a > Chapter-08 > Statute-57a-8-406

57A-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 § 57A-8-404 or a claim to a new security certificate under § 57A-8-405.

Source: SL 1998, ch 284, § 1.