8.8A-406 - A-406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate. - Virginia Statutes

§ 8.8A-406. Obligation to notify issuer of lost, destroyed or wrongfullytaken security certificate.

If a security certificate has been lost, apparently destroyed, or wrongfullytaken, and the owner fails to notify the issuer of that fact within areasonable time after the owner has notice of it and the issuer registers atransfer of the security before receiving notification, the owner may notassert against the issuer a claim for registering the transfer under §8.8A-404 or a claim to a new security certificate under § 8.8A-405.

(1996, c. 216.)