2009 Kentucky Revised Statutes
Article 8 Investment Securities
355.8.406 Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.

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355.8-406 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 <br>owner fails to notify the issuer of that fact within a reasonable time after the owner has <br>notice of it and the issuer registers a transfer of the security before receiving notification, <br>the owner may not assert against the issuer a claim for registering the transfer under KRS <br>355.8-404 or a claim to a new security certificate under KRS 355.8-405. Effective: January 1, 1997 <br>History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 152, effective January 1, 1997. -- Amended 1986 Ky. Acts ch. 118, sec. 51, effective July 1, 1987. -- Created <br>1958 Ky. Acts ch. 77, sec. 8-406, effective July 1, 1960.
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