(1) If an interest coupon, annuity coupon or profit share coupon is lost or destroyed and if the previous bearer notifies the issuer of the loss prior to the end of the submission period, then the previous bearer may demand payment from the issuer after the period of time has ended. The claim is excluded if the lost coupon is presented to the issuer for redemption or if the claim from the coupons is asserted in court, unless the presentation or assertion occurs after the period of time has expired. The claim becomes statute-barred after four years.
(2) The claim specified in subsection (1) can be excluded in the interest coupon, annuity coupon or profit share coupon.