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.
Structure Delaware Code
Article 8. Investment Securities
§ 8-401. Duty of issuer to register transfer.
§ 8-402. Assurance that endorsement or instruction is effective.
§ 8-403. Demand that issuer not register transfer.
§ 8-404. Wrongful registration.
§ 8-405. Replacement of lost, destroyed, or wrongfully taken security certificate.
§ 8-406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
§ 8-407. Authenticating trustee, transfer agent, and registrar.