Section 3--804. Lost, Destroyed or Stolen Instruments  


Latest version.
  • The  owner  of  an  instrument  which is lost, whether by destruction,
      theft or otherwise, may maintain an action in his own name  and  recover
      from any party liable thereon upon due proof of his ownership, the facts
      which  prevent his production of the instrument and its terms. The court
      shall require security, in an amount fixed by the court  not  less  than
      twice  the  amount  allegedly unpaid on the instrument, indemnifying the
      defendant, his heirs, personal representatives, successors  and  assigns
      against  loss, including costs and expenses, by reason of further claims
      on the instrument, but this provision does not apply where an action  is
      prosecuted  or  defended  by  the  state  or  by a public officer in its
      behalf.