§8-1406. 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 8-1404 or a claim to a new security certificate under Section 8-1405. [PL 1997, c. 429, Pt. B, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 429, §B2 (NEW).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES
11 §8-1401. Duty of issuer to register transfer
11 §8-1402. Assurance that indorsement or instruction is effective
11 §8-1403. Demand that issuer not register transfer
11 §8-1404. Wrongful registration
11 §8-1405. Replacement of lost, destroyed or wrongfully taken security certificate
11 §8-1406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate
11 §8-1407. Authenticating trustee, transfer agent and registrar