Kansas § 84-8-406 Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate

Kansas Statutes

§ 84-8-406 — Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 8 INVESTMENT SECURITIES

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 K.S.A. 84-8-404 or a claim to a new security certificate under K.S.A. 84-8-405.

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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 K.S.A. 84-8-404 or a claim to a new security certificate under K.S.A. 84-8-405.

Kansas § 84-8-406 (Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.