(a) The original certificate shall be delivered to the State Treasurer when it is held by the business association, transfer agent, registrar or other person acting on behalf of the business association.
(b) A duplicate certificate shall be issued to the State Treasurer when the business association, transfer agent, registrar or other person acting on behalf of the holder does not hold the original.
(2) After issuance of a duplicate certificate under subsection (1) of this section, the rights of a protected purchaser of the original certificate are governed by ORS 78.4050. In such event, the protected purchaser may seek recovery against the State Treasurer to the extent allowed under the Oregon Constitution. [1957 c.670 §15; 1967 c.357 §4; 1983 c.716 §11; 1985 c.403 §2; 1993 c.694 §9; 1995 c.328 §70; 2019 c.678 §14]