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§ 8406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 8. Investment Securities (Refs & Annos)
Chapter 84. Registration
13 Pa.C.S.A. § 8406
§ 8406. 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 8404 (relating to wrongful registration) or a claim to a new security certificate under section 8405 (relating to replacement of lost, destroyed or wrongfully taken security certificate).

Credits

1996, May 22, P.L. 248, No. 44, § 8, effective in 180 days.
13 Pa.C.S.A. § 8406, PA ST 13 Pa.C.S.A. § 8406
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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