{"data":{"id":"us-mi/mich.-comp.-laws-440.8405","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.8405","heading":"Lost, destroyed, or wrongfully taken securities.","body":"Sec. 8405.\n\nIf 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 does all of the following:\n\nRequests before the issuer has notice that the certificate has been acquired by a protected purchaser.\n\nFiles with the issuer a sufficient indemnity bond.\n\nSatisfies other reasonable requirements imposed by the issuer.\n\nIf, 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 8210. 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.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-8405","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"128fb5f3bb7a60850cce6b59e9248339a7f83f045c2039cbae73499eebca8685","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.8404","next":"us-mi/mich.-comp.-laws-440.8406"},"notice":"GroundRules: Original legal text. Not legal advice."}