Florida Statute 678.4051 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 678
UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES

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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.

(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.

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Amendments to 678.4051

Annotations, Discussions, Cases:

Cases Citing Statute 678.4051

Total Results: 2

John G. Schanck v. William M. Gayhart and Debra L. Buchanan, etc.

245 So. 3d 970

District Court of Appeal of Florida | Filed: Apr 30, 2018 | Docket: 6379296

Cited 3 times | Published

request from the owner of the certificate. See § 678.4051, Fla. Stat. (providing procedure for reissuance

State v. Moore

892 So. 2d 1218, 2005 Fla. App. LEXIS 1444, 2005 WL 350321

District Court of Appeal of Florida | Filed: Feb 15, 2005 | Docket: 64835871

Published

majority erroneously relies on the provisions of section 678.4051, Florida Statutes (2000), relating to the