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2019 Alaska Statutes
Title 45. Trade and Commerce
Chapter 08. Investment Securities
Article 4. Registration.
Sec. 45.08.406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
Universal Citation: AK Stat § 45.08.406 (2019)
If a security certificate has been lost, apparently destroyed, or wrongfully taken, the owner fails to notify the issuer of the loss, destruction, or taking within a reasonable time after the owner has notice of the loss, destruction, or taking, 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 AS 45.08.404 or a claim to a new security certificate under AS 45.08.405.
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