P.R. Laws tit. 19, § 1856

2019-02-20 00:00:00+00
§ 1856. 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 § 1854 of this title or a claim to a new security certificate under § 1855 of this title.

History —Aug. 17, 1995, No. 208, added as § 8-406 on Sept. 19, 1996, No. 241, § 12.