Iowa Code 554.8406 – Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate
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Terms Used In Iowa Code 554.8406
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
554.8406 Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
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 § 554.8404 or a claim to a new security certificate under § 554.8405.
[C66, 71, 73, 75, 77, 79, 81, §554.8406]
89 Acts, ch 113, §42; 96 Acts, ch 1138, §46, 84
Referred to in §554.8404
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 § 554.8404 or a claim to a new security certificate under § 554.8405.
[C66, 71, 73, 75, 77, 79, 81, §554.8406]
89 Acts, ch 113, §42; 96 Acts, ch 1138, §46, 84
Referred to in §554.8404