Md. Code, Com. Law § 8-406

Maryland · Maryland Code, Commercial Law · Status: effective

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Citation: Md. Code, Com. Law § 8-406, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1757569
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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 § 8-404 of this subtitle or a claim to a new security certificate under § 8-405 of this subtitle.