# Commercial Law (GCL)

## Title 8. Investment Securities

### Subtitle 4. Registration

#### Section 8-406

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 Sec. 8-404 of this subtitle or a claim to a new security certificate under Sec. 8-405 of this subtitle.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)