Skip to Content
November 26, 2024 Clear | 38°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 106 UNIFORM COMMERCIAL CODE
  5. Article 8 INVESTMENT SECURITIES
  6. Section 8-406 Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate

Section 8-406

Section 8-406: Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate

Section 8–406. 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.