New York § 8-405 Replacement of Lost, Destroyed, or Wrongfully taken Security Certificate

New York Statutes

§ 8-405 — Replacement of Lost, Destroyed, or Wrongfully taken Security Certificate

New York § 8-405

Law UCCUniform Commercial Code

Part 4Registration

Art. 8Investment Securities

This text of New York § 8-405 (Replacement of Lost, Destroyed, or Wrongfully taken Security Certificate) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 8-405 (2026).

Text

Section 8--405. Replacement of Lost, Destroyed, or Wrongfully taken\n                  Security Certificate.\n  (a) If an owner of a certificated security, whether in registered or\nbearer form, claims that the certificate has been lost, destroyed, or\nwrongfully taken, the issuer shall issue a new certificate if the owner:\n       (1) so requests before the issuer has notice that the certificate\n           has been acquired by a protected purchaser;\n       (2) files with the issuer a sufficient indemnity bond; and\n       (3) satisfies other reasonable requirements imposed by the\n           issuer.\n  (b) If, after the issue of a new security certificate, a protected\npurchaser of the original certificate presents it for registration of\ntransfer, the issuer shall register the transfer

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Section 8--405. Replacement of Lost, Destroyed, or Wrongfully taken\n Security Certificate.\n (a) If an owner of a certificated security, whether in registered or\nbearer form, claims that the certificate has been lost, destroyed, or\nwrongfully taken, the issuer shall issue a new certificate if the owner:\n (1) so requests before the issuer has notice that the certificate\n has been acquired by a protected purchaser;\n (2) files with the issuer a sufficient indemnity bond; and\n (3) satisfies other reasonable requirements imposed by the\n issuer.\n (b) If, after the issue of a new security certificate, a protected\npurchaser of the original certificate presents it for registration of\ntransfer, the issuer shall register the transfer unless an overissue\nwould result. In that case, the issuer's liability is governed by\nSection 8--210. In addition to any rights on the indemnity bond, an\nissuer may recover the new certificate from a person to whom it was\nissued or any person taking under that person, except a protected\npurchaser.\n