South Dakota § 57A-8-406 Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.

South Dakota Statutes

§ 57A-8-406 — Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.

South Dakota § 57A-8-406

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-6INVESTMENT SECURITIES

This text of South Dakota § 57A-8-406 (Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 57A-8-406 (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 § 57A-8-404 or a claim to a new security certificate under § 57A-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 § 57A-8-404 or a claim to a new security certificate under § 57A-8-405 .