There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 8 Investment Securities
355.8.405 Replacement of lost, destroyed, or wrongfully taken security certificate.
Download pdfissue a new certificate if the owner:
(a) So requests before the issuer has notice that the certificate has been acquired by a protected purchaser; (b) Files with the issuer a sufficient indemnity bond; and
(c) Satisfies other reasonable requirements imposed by the issuer. (2) If, after the issue of a new security certificate, a protected purchaser of the original certificate presents it for registration of transfer, the issuer shall register the transfer
unless an overissue would result. In that case, the issuer's liability is governed by
KRS 355.8-210. In addition to any rights on the indemnity bond, an issuer may
recover the new certificate from a person to whom it was issued or any person
taking under that person, except a protected purchaser. Effective: January 1, 1997
History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 151, effective January 1, 1997. -- Amended 1986 Ky. Acts ch. 118, sec. 50, effective July 1, 1987. -- Created
1958 Ky. Acts ch. 77, sec. 8-405, effective July 1, 1960.
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