New Jersey § 12a:8-405
Full text of New Jersey New Jersey Statutes § 12a:8-405, with citation guidance and answers to common questions.
§ 12a:8-405.
a. If 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: (1) so requests before the issuer has notice that the certificate has been acquired
by a protected purchaser; (2) files with the issuer a sufficient indemnity bond; and (3) satisfies other reasonable requirements imposed by the issuer. b. If, 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 12A:8-210. 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.
Frequently Asked Questions About New Jersey § 12a:8-405
What does New Jersey Statutes § 12a:8-405 cover?
Section 12a:8-405 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:8-405?
A common citation format is "New Jersey Statutes § 12a:8-405" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:8-405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.