Mass. Gen. Laws ch. 106 § 8-406

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session

Section 106:8-406 - Objection 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.

Mass. Gen. Laws ch. 106, § 8-406