Wisconsin § 408.406 Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate.

Wisconsin Statutes

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

Wisconsin § 408.406

Ch. 408Uniform commercial code — investment securities

Subch.subch. IV of ch. 408 SUBCHAPTER IV

REGISTRATION

This text of Wisconsin § 408.406 (Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 408.406 (2026).

Text

408.406  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 s. 408.404 or a claim to a new security certificate under s. 408.405 .

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408.406 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 s. 408.404 or a claim to a new security certificate under s. 408.405 .