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 ORS 78.4040 or a claim to a new security certificate under ORS 78.4050.
ORS 78.4060
Known as the Uniform Commercial Code
The act spans §§ 78–78 (66 sections).
1961 c.726 §78.4060; 1985 c.676 §78.4060; 1995 c.328 §39
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.