§ 6A-8-406. 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 § 6A-8-404 or a claim to a new security certificate under § 6A-8-405.
History of Section.P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-8 - Investment Securities
Section 6A-8-401. - Duty of issuer to register transfer.
Section 6A-8-402. - Assurance that indorsement or instruction is effective.
Section 6A-8-403. - Demand that issuer not register transfer.
Section 6A-8-404. - Wrongful registration.
Section 6A-8-405. - Replacement of lost, destroyed, or wrongfully taken security certificate.
Section 6A-8-407. - Authenticating trustee, transfer agent, and registrar.