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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS
Chapter 8:
Section: 12A: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 12A:8-404 or a claim to a new security certificate under 12A:8-405.
L.1997,c.252,s.1.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 12a:8-406 (if available):
Court decisions that cite this statute:
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