2016 Arizona Revised Statutes
Title 47 - Uniform Commercial Code
§ 47-8406 Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate
47-8406. 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 section 47-8404 or a claim to a new security certificate under section 47-8405.
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