70A-8-406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
(1) If a security certificate has been lost, apparently destroyed, or wrongfully taken, and the owner fails to notify the issuer of that fact within the 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 Sectionor a claim to a new security certificate under Section. 70A-8-404 70A-8-405
(2) On and after July 1, 2011, Subsectiondoes not apply to the replacement of a lost, destroyed, or wrongfully taken share certificate of a water company. Sectiongoverns replacement of a lost, destroyed, or wrongfully taken share certificate of a water company. (1) 70A-8-409.1
(3) On and after May 8, 2012, Subsectiondoes not apply to the replacement of a lost, destroyed, or wrongfully taken share certificate of a land company. Sectiongoverns the replacement of a lost, destroyed, or wrongfully taken share certificate of a land company. (1) 70A-8-409.1