12A:8-206. Completion or Alteration of Security Certificate.
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/nj/title-12a/chapter-8/12a-8-206·A 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 blanks 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.
L.1997,c.252,s.1.