Texas Business and Commerce Code

Sec. § 8.406
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 Section 8.404 (Wrongful Registration) or a claim to a new security certificate under Section 8.405 (Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate).
Amended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995.
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Last accessed
Jun. 7, 2021