§ 8-405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 8-405
§ 8-405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate
Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate.
(b) If, after the issue of a new security certificate, a protected purchaser of the original certificate presents it for registration of transfer, the issuer shall register the transfer unless an overissue would result. In that case, the issuer's liability is governed by Section 8-210 of this title. In addition to any rights on the indemnity bond, an issuer may recover the new certificate from a person to whom it was issued or any person taking under that person, except a protected purchaser.
Credits
Laws 1961, p. 161, § 8-405; Laws 1984, c. 76, § 43, eff. Nov. 1, 1984; Laws 1995, c. 242, § 38, eff. Feb. 1, 1996.
12A Okl. St. Ann. § 8-405, OK ST T. 12A § 8-405
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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