Iowa § 554.8405 Replacement of lost, destroyed, or wrongfully taken security certificate

Iowa Statutes

§ 554.8405 — Replacement of lost, destroyed, or wrongfully taken security certificate

Iowa § 554.8405

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.8405 (Replacement of lost, destroyed, or wrongfully taken security certificate) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554.8405 (2026).

Text

1.If an owner of a certificated security, whether in registered or bearer form, claims that the certificate has been lost, destroyed, or wrongfully taken, the issuer shall issue a new certificate if the owner:

a.so requests before the issuer has notice that the certificate has been acquired by a protected purchaser;

b.files with the issuer a sufficient indemnity bond; and

c.satisfies other reasonable requirements imposed by the issuer.

2.If, after the issue of a new security certificate, a protected purchaser of the original certificatepresentsitforregistrationoftransfer,theissuershallregisterthetransferunlessan overissue would result. In that case, the issuer’s liability is governed by section 554.8210. In addition to any rights on the indemnity bond, an issuer may recover the new c

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1. If an owner of a certificated security, whether in registered or bearer form, claims that
the certificate has been lost, destroyed, or wrongfully taken, the issuer shall issue a new
certificate if the owner:

a. so requests before the issuer has notice that the certificate has been acquired by a
protected purchaser;
b. files with the issuer a sufficient indemnity bond; and
c. satisfies other reasonable requirements imposed by the issuer.
2. If, after the issue of a new security certificate, a protected purchaser of the original
certificatepresentsitforregistrationoftransfer,theissuershallregisterthetransferunlessan
overissue would result. In that case, the issuer’s liability is governed by section 554.8210. In
addition to any rights on the indemnity bond, an issuer may recover the new certificate from
a person to whom it was issued or any person taking under that person, except a protected
purchaser.

Legislative History

[S13, §3060-a199, -a200; C24, 27, 31, 35, 39, §9659, 9660; C46, §541.199, 541.200; C50, 54, 58, 62, §493A.17, 541.199; C66, 71, 73, 75, 77, 79, 81, §554.8405]