KRS 355.8-405: Replacement of lost, destroyed, or wrongfully taken security certificate.

(1) If an owner of a certificated security, whether in registered or bearer form, claims

that the certificate has been lost, destroyed, or wrongfully taken, the issuer shall

issue a new certificate if the owner:

(a) So requests before the issuer has notic e that the certificate has been acquired

by a protected purchaser;

(b) Files with the issuer a sufficient indemnity bond; and

(c) Satisfies other reasonable requirements imposed by the issuer.

(2) If, after the issue of a new security certificate, a protec ted purchaser of the original

certificate presents it for registration of transfer, the issuer shall register the transfer

unless an overissue would result. In that case, the issuer's liability is governed by

KRS 355.8 -210. In addition to any rights on the indemnity bond, an issuer may

recover the new certificate from a person to whom it was issued or any person

taking under that person, except a protected purchaser.