47-8206. Completion or alteration of security certificate
87 words·~1 min read·
/az/title-47/47-8206A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
1. Any person may complete it by filling in the blank as authorized; and
2. Even if the blanks are incorrectly filled in, the security certificate as completed is enforceable by a purchaser who took it for value and without notice of the incorrectness.
B. A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.