KRS 355.8-406: 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 t ime 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 KRS

355.8-404 or a claim to a new security certificate under KRS 355.8-405.