California Commercial Code

§ 8405

COM § 8405 Effective Jan 1, 1997Div. 8 · Ch. 4

Statute text

(a)If an owner of a certificated security, whether in registered or bearer form, claims that the certificate has been lost, destroyed, or wrongfully taken, the issuer shall issue a new certificate if the owner does all of the following:

(1)So requests before the issuer has notice that the certificate has been acquired by a protected purchaser.

(2)Files with the issuer a sufficient indemnity bond.

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Legislative history

Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.