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Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate.

Ala. Code § 7-8-406
in effect
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7-8-406. 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 7-8-404 or a claim to a new security certificate under Section 7-8-405. (Acts 1996, No. 96-742, p. 1241, §1.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#7-8-406Fetched: 10/20/2026

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