{"data":{"id":"us-ia/iowa-code-554.8404","jurisdiction":"us-ia","citation":"Iowa Code § 554.8404","heading":"Wrongful registration.","body":"1. Except as otherwise provided in section 554.8406, an issuer is liable for wrongful registration of transfer if the issuer has registered a transfer of a security to a person not entitled to it, and the transfer was registered:\na. pursuant to an ineffective indorsement or instruction;\nb. after a demand that the issuer not register transfer became effective under section 554.8403, subsection 1, and the issuer did not comply with section 554.8403, subsection 2;\nc. after the issuer had been served with an injunction, restraining order, or other legal process enjoining it from registering the transfer, issued by a court of competent jurisdiction, and the issuer had a reasonable opportunity to act on the injunction, restraining order, or other legal process; or\nd. by an issuer acting in collusion with the wrongdoer.\n2. An issuer that is liable for wrongful registration of transfer under subsection 1 on demand shall provide the person entitled to the security with a like certificated or uncertificated security, and any payments or distributions that the person did not receive as a result of the wrongful registration. If an overissue would result, the issuer’s liability to provide the person with a like security is governed by section 554.8210.\n3. Except as otherwise provided in subsection 1 or in a law relating to the collection of taxes, an issuer is not liable to an owner or other person suffering loss as a result of the registration of a transfer of a security if registration was made pursuant to an effective indorsement or instruction.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 8 - INVESTMENT SECURITIES","Part 4 - REGISTRATION"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.8404.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"59cc9e7d4a2f1ac21f0ae53cc7131340e9b7b788efea8d788ade7588a7f3ad39","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.8403","next":"us-ia/iowa-code-554.8405"},"notice":"GroundRules: Original legal text. Not legal advice."}