§ 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).
Cross References. Section 8406 is referred to in section 8404 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Section 8401 - Duty of issuer to register transfer
Section 8402 - Assurance that indorsement or instruction is effective
Section 8403 - Demand that issuer not register transfer
Section 8404 - Wrongful registration
Section 8405 - Replacement of lost, destroyed or wrongfully taken security certificate
Section 8407 - Authenticating trustee, transfer agent and registrar