Md. Code, Com. § 8-406
Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024
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 § 8-404 of this subtitle or a claim to a new security certificate under § 8-405 of this subtitle.
Md. Code, CL § 8-406