West Virginia § 46-8-406 Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate

West Virginia Statutes

§ 46-8-406 — Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate

West Virginia·Ch. 46 UNIFORM COMMERCIAL CODE·Art. 8 INVESTMENT SECURITIES

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 8-404 or a claim to a new security certificate under section 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 section 8-404 or a claim to a new security certificate under section 8-405.

West Virginia § 46-8-406 (Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.