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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-8-405: Replacement of Lost, Destroyed, or Wrongfully Taken

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Where this section sits in the code
  1. OK Code
  2. Title 12A

Security Certificate.

Replacement of Lost, Destroyed, or Wrongfully Taken Security

Certificate.

(a) 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:

(1) so requests before the issuer has notice that the

certificate has been acquired by a protected

purchaser;

(2) files with the issuer a sufficient indemnity bond; and

(3) satisfies other reasonable requirements imposed by the

issuer.

(b) If, after the issue of a new security certificate, a

protected 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 Section 8-210 of this title. 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.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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