N.Y. U.C.C. 8-406

Section 8--406. Obligation to Notify Issuer of Lost, Destroyed, or\n Wrongfully taken Security Certificate.\n If a security certificate has been lost, apparently destroyed, or\nwrongfully taken, and the owner fails to notify the issuer of that fact\nwithin a reasonable time after the owner has notice of it and the issuer\nregisters a transfer of the security before receiving notification, the\nowner may not assert against the issuer a claim for registering the\ntransfer under Section 8--404 or a claim to a new security certificate\nunder Section 8--405.\n