New Mexico § 55-8-406 Obligation to notify issuer of lost, destroyed or wrongfully

New Mexico Statutes

§ 55-8-406 — Obligation to notify issuer of lost, destroyed or wrongfully

New Mexico § 55-8-406

Ch. 55Uniform Commercial Code

Art. 8Investment Securities

This text of New Mexico § 55-8-406 (Obligation to notify issuer of lost, destroyed or wrongfully) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 55-8-406 (2026).

Text

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 Section 55-8-404 NMSA 1978 or a claim to a new security certificate under Section 55-8-405 NMSA 1978.

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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 Section 55-8-404 NMSA 1978 or a claim to a new security certificate under Section 55-8-405 NMSA 1978.