Okla. Stat. tit. 12A, § 12A-8-405
This is the official text of Okla. Stat. tit. 12A, § 12A-8-405, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Replacement of Lost, Destroyed, or Wrongfully Taken
Official statutory text
Security Certificate.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 448
Replacement of Lost, Destroyed, or Wrongfully Taken Security
Certificate.
(a) If an owner of a certificated security, whether in
registered or bearer form, claims that the certificate has been
lost, destroyed, or wrongfully taken, the issuer shall issue a new
certificate if the owner:
(1) so requests before the issuer has notice that the
certificate has been acquired by a protected
purchaser;
(2) files with the issuer a sufficient indemnity bond; and
(3) satisfies other reasonable requirements imposed by the
issuer.
(b) If, after the issue of a new security certificate, a
protected purchaser of the original certificate presents it for
registration of transfer, the issuer shall register the transfer
unless an overissue would result. In that case, the issuer's
liability is governed by Section 8-210 of this title. In addition
to any rights on the indemnity bond, an issuer may recover the new
certificate from a person to whom it was issued or any person taking
under that person, except a protected purchaser.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 448
Replacement of Lost, Destroyed, or Wrongfully Taken Security
Certificate.
(a) If an owner of a certificated security, whether in
registered or bearer form, claims that the certificate has been
lost, destroyed, or wrongfully taken, the issuer shall issue a new
certificate if the owner:
(1) so requests before the issuer has notice that the
certificate has been acquired by a protected
purchaser;
(2) files with the issuer a sufficient indemnity bond; and
(3) satisfies other reasonable requirements imposed by the
issuer.
(b) If, after the issue of a new security certificate, a
protected purchaser of the original certificate presents it for
registration of transfer, the issuer shall register the transfer
unless an overissue would result. In that case, the issuer's
liability is governed by Section 8-210 of this title. In addition
to any rights on the indemnity bond, an issuer may recover the new
certificate from a person to whom it was issued or any person taking
under that person, except a protected purchaser.
Status: in_force · Read it on the official government site
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