2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 84 - Registration
Section 8405 - Replacement of lost, destroyed or wrongfully taken security certificate

     § 8405.  Replacement of lost, destroyed or wrongfully taken
                security certificate.
        (a)  When owner entitled to new security.--If an owner of a
     certificated security, whether in registered or bearer form,
     claims that the certificate has been lost, destroyed or
     wrongfully taken, the issuer shall issue a new certificate if
     the owner:
            (1)  so requests before the issuer has notice that the
        certificate has been acquired by a protected purchaser;
            (2)  files with the issuer a sufficient indemnity bond;
        and
            (3)  satisfies other reasonable requirements imposed by
        the issuer.
        (b)  Rights and duties of issuer when original certificate
     presented for registration.--If, after the issue of a new
     security certificate, a protected purchaser of the original
     certificate presents it for registration of transfer, the issuer
     shall register the transfer unless an overissue would result. In
     that case, the issuer's liability is governed by section 8210
     (relating to overissue). In addition to any rights on the
     indemnity bond, an issuer may recover the new certificate from a
     person to whom it was issued or any person taking under that
     person, except a protected purchaser.

        Cross References.  Section 8405 is referred to in section
     8406 of this title.