Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 47. Uniform Commercial Code |
Chapter 8. INVESTMENT SECURITIES |
Article 4. Registration |
Sec 47-8406. Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate
Latest version.
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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 47-8404 or a claim to a new security certificate under section 47-8405.