N.Y. Uniform Commercial Code Law Section 8-406
Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully taken Security Certificate

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.

Source: Section 8-406 — Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully taken Security Certificate, https://www.­nysenate.­gov/legislation/laws/UCC/8-406 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 8-406’s source at nysenate​.gov

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