Online Sunshine Logo
Official Internet Site of the Florida Legislature
November 12, 2019
Text: 'NEW Advanced Legislative Search'
Interpreter Services for the Deaf and Hard of Hearing
Go to MyFlorida House
Select Year:  
The Florida Statutes

The 2019 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 678
UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES
View Entire Chapter
F.S. 678.4051
678.4051 Replacement of lost, destroyed, or wrongfully taken security certificate.
(1) 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:
(a) So requests before the issuer has notice that the certificate has been acquired by a protected purchaser.
(b) Files with the issuer a sufficient indemnity bond.
(c) Satisfies other reasonable requirements imposed by the issuer.
(2) 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 s. 678.2101. 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.
History.s. 4, ch. 98-11.