Pennsylvania § 8406 Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate

Pennsylvania Statutes

§ 8406 — Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate

Pennsylvania § 8406

Title 13COMMERCIAL CODE

Ch. 84REGISTRATION

This text of Pennsylvania § 8406 (Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

13 Pa. Cons. Stat. § 8406 (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 section 8404 (relating to wrongful registration) or a claim to a new security certificate under section 8405 (relating to replacement of lost, destroyed or wrongfully taken security certificate).

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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 section 8404 (relating to wrongful registration) or a claim to a new security certificate under section 8405 (relating to replacement of lost, destroyed or wrongfully taken security certificate).