13 Pa. C.S. § 8406

Current through P.A. Acts 2023-66
Section 8406 - 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 section 8404 (relating to wrongful registration) or a claim to a new security certificate under section 8405 (relating to replacement of lost, destroyed or wrongfully taken security certificate).

13 Pa.C.S. § 8406

1996, May 22, P.L. 248, No. 44, § 8, effective in 180 days.