Tex. Business & Commerce Code § 8.406
This is the official text of Tex. Business & Commerce Code § 8.406, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 8.406. OBLIGATION TO NOTIFY ISSUER OF LOST, DESTROYED, OR WRONGFULLY TAKEN SECURITY CERTIFICATE.
Official statutory text
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.
Status: in_force · Read it on the official government site
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