{"data":{"id":"us-tx/tex.-business-commerce-code-8.406","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 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 8.404 or a claim to a new security certificate under Section 8.405.\nAmended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 8. INVESTMENT SECURITIES","SUBCHAPTER D. REGISTRATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.8.htm#8.406","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"7c995509f5e0cdee87d67c154b5ebe7c744a05b62bb314724d08a55fee630c78","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-8.405","next":"us-tx/tex.-business-commerce-code-8.407"},"notice":"GroundRules: Original legal text. Not legal advice."}