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2018 Louisiana Laws
Revised Statutes
TITLE 10 - Commercial Laws
RS 10:8-406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate
Universal Citation: LA Rev Stat § 10:8-406 (2018)
§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 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 R.S. 10:8-404 or a claim to a new security certificate under R.S. 10:8-405.
Added by Acts 1978, No. 165, §1, eff. Jan. 1, 1979. Acts 1989, No. 135, §6, eff. Jan. 1, 1990; Acts 1995, No. 884, §1, eff. Jan. 1, 1996.
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