Idaho Statutes Title 28. Commercial Transactions § 28-8-406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate
Current as of January 01, 2023 | Updated by FindLaw Staff
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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.
Cite this article: FindLaw.com - Idaho Statutes Title 28. Commercial Transactions § 28-8-406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate - last updated January 01, 2023 | https://codes.findlaw.com/id/title-28-commercial-transactions/id-st-sect-28-8-406/
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