{"data":{"id":"us-al/ala.-code-7-8-406","jurisdiction":"us-al","citation":"Ala. Code § 7-8-406","heading":"Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate.","body":"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.","path":["Title 7 Commercial Code.","Article 8 Investment Securities.","Part 4 Registration."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=7-8-406","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"4065015f9f221fc1e4f9f7dc8c3b5061af4b5f29f7cf8d6aa52b6557f6f32f35","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-8-405","next":"us-al/ala.-code-7-8-407"},"notice":"GroundRules: Original legal text. Not legal advice."}