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 § 8.8A-404 or a claim to a new security certificate under § 8.8A-405.
1996, c. 216.
Structure Code of Virginia
Title 8.8A - Commercial Code - Investment Securities
§ 8.8A-401. Duty of issuer to register transfer
§ 8.8A-402. Assurance that endorsement or instruction is effective
§ 8.8A-403. Demand that issuer not register transfer
§ 8.8A-404. Wrongful registration
§ 8.8A-405. Replacement of lost, destroyed or wrongfully taken security certificate
§ 8.8A-406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate
§ 8.8A-407. Authenticating trustee, transfer agent, and registrar