{"code":"COM","codeName":"Commercial Code","section":"8406","citation":"Com. Code, § 8406","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 8. INVESTMENT SECURITIES [8101. - 8603.]","url":"https://blackletter.si/commercial-code/division-8"},{"name":"CHAPTER 4. Registration [8401. - 8407.]","url":"https://blackletter.si/commercial-code/division-8/chapter-4"}],"history":"Repealed and added by Stats. 1996, Ch. 497, Sec. 9.   Effective January 1, 1997.","effective":"1997-01-01","html":"<p>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 <a href=\"/com/8404\">8404</a> or a claim to a new security certificate under Section <a href=\"/com/8405\">8405</a>.</p>","text":"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 8404 or a claim to a new security certificate under Section 8405.","otherVersions":[],"url":"https://blackletter.si/commercial-code/registration-8406","source":"California Legislative Information bulk export (pubinfo)"}