Indiana § 26-1-8.1-406 Failure to notify issuer of lost, destroyed, or wrongfully taken
certificates

Indiana Statutes

§ 26-1-8.1-406 — Failure to notify issuer of lost, destroyed, or wrongfully taken certificates

Indiana § 26-1-8.1-406

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 8.1Investment Securities

This text of Indiana § 26-1-8.1-406 (Failure to notify issuer of lost, destroyed, or wrongfully taken certificates) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-8.1-406 (2026).

Text

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 IC 26-1-8.1-404 or a claim to
a new security certificate under IC 26-1-8.1-405.

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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 IC 26-1-8.1-404 or a claim to
a new security certificate under IC 26-1-8.1-405.