(8-406) Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate
N.D. Cent. Code § 41-08-39
in effect41-08-39. (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 41-08-37 or a
claim to a new security certificate under section 41-08-38.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c08.pdf#nameddest=41-08-39Fetched: 10/16/2026