The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 8-405)
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§ 8—405. Replacement of lost, destroyed, or wrongfully taken security certificate
(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 section 8—210 of this title. 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. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)