N.Y. UCC Law § 8-406
This is the official text of N.Y. UCC Law § 8-406, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully taken Security Certificate
Official statutory text
Section 8--406. Obligation to Notify Issuer of Lost, Destroyed, or\n Wrongfully taken Security Certificate.\n If a security certificate has been lost, apparently destroyed, or\nwrongfully taken, and the owner fails to notify the issuer of that fact\nwithin a reasonable time after the owner has notice of it and the issuer\nregisters a transfer of the security before receiving notification, the\nowner may not assert against the issuer a claim for registering the\ntransfer under Section 8--404 or a claim to a new security certificate\nunder Section 8--405.\n
Status: in_force · Read it on the official government site
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