Statutes, codes, and regulations
Kentucky Revised Statutes
Title 29 - COMMERCE AND TRADEChapter 355 - UNIFORM COMMERCIAL CODEArticle 355.8 - INVESTMENT SECURITIES
Part 4 - REGISTRATION
Section 355.8-406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate

Ky. Rev. Stat. § 355.8-406

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Current through 2024 Ky. Acts ch. 225
Section 355.8-406 - 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 KRS 355.8-404 or a claim to a new security certificate under KRS 355.8-405.

KRS 355.8-406

Effective:1/1/1997
Repealed and reenacted 1996, Ky. Acts ch. 130, sec. 152, effective1/1/1997. -- Amended 1986 Ky. Acts ch. 118, sec. 51, effective 7/1/1987. -- Created 1958 Ky. Acts ch. 77, sec. 8-406, effective 7/1/1960.