Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 8-406 — Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully taken Security Certificate
N.Y. U.C.C. Law § 8-406
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 8--406. Obligation to Notify Issuer of Lost, Destroyed, or
Citator
N.Y. U.C.C. Law § 8-406 — Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully taken Security Certificate is in force in the current edition of the Code, and nothing recorded condemns it.
Section 8--406. Obligation to Notify Issuer of Lost, Destroyed, or
Wrongfully taken Security Certificate.
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.