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2017 Wisconsin Statutes & Annotations
Chapter 408. Uniform commercial code — investment securities.
408.406 Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate.
Universal Citation: WI Stat § 408.406 (2017)
408.406 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 s. 408.404 or a claim to a new security certificate under s. 408.405.
History: 1997 a. 297.
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