Statutes, codes, and regulations
Minnesota Statutes
TRADE REGULATIONS, CONSUMER PROTECTIONChapter 336 - UNIFORM COMMERCIAL CODEArticle Revised Article 8 - INVESTMENT SECURITIES
Part 4 - REGISTRATION
Section 336.8-406 - OBLIGATION TO NOTIFY ISSUER OF LOST, DESTROYED, OR WRONGFULLY TAKEN SECURITY CERTIFICATE

Minn. Stat. § 336.8-406

Download
PDF
Current through 2023, c. 127
Section 336.8-406 - 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 336.8-404 or a claim to a new security certificate under section 336.8-405.

Minn. Stat. § 336.8-406

1995 c 194 art 1 s 39