501A.905 Lost certificates — replacement.
1. Issuance. A new membership interest certificate may be issued under section 554.8405 in place of one that is alleged to have been lost, stolen, or destroyed.
2. Not overissue. The issuance of a new certificate under this section does not constitute an overissue of the membership interests the new certificate represents.
2005 Acts, ch 135, §71
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