There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 8 Investment Securities
355.8.210 Overissue.
Download pdfaction has cured the overissue. (2) Except as otherwise provided in subsections (3) and (4) of this section, the provisions of this article which validate a security or compel its issue or reissue do
not apply to the extent that validation, issue, or reissue would result in overissue. (3) If an identical security not constituting an overissue is reasonably available for purchase, a person entitled to issue or validation may compel the issuer to purchase
the security and deliver it if certificated or register its transfer if uncertificated,
against surrender of any security certificate the person holds. (4) If a security is not reasonably available for purchase, a person entitled to issue or validation may recover from the issuer the price the person or the last purchaser for
value paid for it with interest from the date of the person's demand. Effective: January 1, 1997
History: Created 1996 Ky. Acts ch. 130, sec. 139, effective January 1, 1997.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.