North Dakota § 41-08-39 (8-406) Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate

North Dakota Statutes

§ 41-08-39 — (8-406) Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-08 Investment Securities

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 41-08-37 or a
claim to a new security certificate under section 41-08-38.

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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 41-08-37 or a
claim to a new security certificate under section 41-08-38.

North Dakota § 41-08-39 ((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.