Iowa Code § 554.8406
Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2013
As of January 1, 2012
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 554.8404 or a claim to a new security certificate under section 554.8405.
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 554.8404 or a claim to a new security certificate under section 554.8405.
89 Acts, ch 113, §42; 96 Acts, ch 1138, §46, 84
89 Acts, ch 113, §42; 96 Acts, ch 1138, §46, 84
Referred to in
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.