§ 8405. Replacement of lost, destroyed or wrongfully taken security certificate
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code
13 Pa.C.S.A. § 8405
§ 8405. Replacement of lost, destroyed or wrongfully taken security certificate
(b) Rights and duties of issuer when original certificate presented for registration.--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 8210 (relating to overissue). 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
1996, May 22, P.L. 248, No. 44, § 8, effective in 180 days.
13 Pa.C.S.A. § 8405, PA ST 13 Pa.C.S.A. § 8405
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document |