2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.8-406 OBLIGATION TO NOTIFY ISSUER OF LOST, DESTROYED, OR WRONGFULLY TAKEN SECURITY CERTIFICATE.
336.8-406 MS 1994 [Repealed, 1995 c 194 art 1 s 53]
336.8-406 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 section
336.8-404 or a claim to a
new security certificate under section
336.8-405.
History: 1995 c 194 art 1 s 39
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