Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.

Del. Code tit. 6, § 8-406
in effect
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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 Section 8-404 or a claim to a new security certificate under Section 8-405.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title6/c008/sc04/index.htmlFetched: 10/4/2026

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