{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-8-405","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 8-405","heading":"Replacement of Lost, Destroyed, or Wrongfully taken Security Certificate","body":"Section 8--405. Replacement of Lost, Destroyed, or Wrongfully taken\n                  Security Certificate.\n  (a) If an owner of a certificated security, whether in registered or\nbearer form, claims that the certificate has been lost, destroyed, or\nwrongfully taken, the issuer shall issue a new certificate if the owner:\n       (1) so requests before the issuer has notice that the certificate\n           has been acquired by a protected purchaser;\n       (2) files with the issuer a sufficient indemnity bond; and\n       (3) satisfies other reasonable requirements imposed by the\n           issuer.\n  (b) If, after the issue of a new security certificate, a protected\npurchaser of the original certificate presents it for registration of\ntransfer, the issuer shall register the transfer unless an overissue\nwould result. In that case, the issuer's liability is governed by\nSection 8--210. In addition to any rights on the indemnity bond, an\nissuer may recover the new certificate from a person to whom it was\nissued or any person taking under that person, except a protected\npurchaser.","path":["Uniform Commercial Code Law","Article 8. Investment Securities","Part 4. Registration"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/8-405","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"48db247ec9635f81be5bfd859b10ea97892e0d8ef88b407931b78d801190e9a5","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-8-404","next":"us-ny/n.y.-uniform-commercial-code-law-8-406"},"notice":"GroundRules: Original legal text. Not legal advice."}