Michigan § 440.8406 - Lost, destroyed, or wrongfully taken security certificate; failure to notify issuer.
Full text of Michigan Michigan Compiled Laws § 440.8406 — Lost, destroyed, or wrongfully taken security certificate; failure to notify issuer., with citation guidance and answers to common questions.
§ 440.8406. Lost, destroyed, or wrongfully taken security certificate; failure to notify issuer.
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 8404 or a claim to a new security certificate under section 8405.
Frequently Asked Questions About Michigan § 440.8406
What does Michigan Compiled Laws § 440.8406 cover?
Section 440.8406 ("Lost, destroyed, or wrongfully taken security certificate; failure to notify issuer.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.8406?
A common citation format is "Michigan Compiled Laws § 440.8406" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.8406 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.