Code of Virginia (Last Updated:July 28, 2020) |
TITLE 8.8A. Commercial Code - Investment Securities |
PART 4. Registration |
SECTION 8.8A-406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate |
SECTION 8.8A-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 § 8.8A-404 or a claim to a new security certificate under § 8.8A-404 . 1996, c. 8.8A-404 . |