2006 New York Code - Obligation To Notify Issuer Of Lost, Destroyed, Or Wrongfully Taken Security Certificate.

 
  Section 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 8--404 or a claim to a new  security  certificate
  under Section 8--405.