Idaho Code § 28-8-406

Current through the 2024 Regular Session
Section 28-8-406 - 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 section 28-8-404 or a claim to a new security certificate under section 28-8-405.

Idaho Code § 28-8-406

[28-8-406, added 1995, ch. 272, sec. 2, p. 894.]