§12A-8-206. Completion or Alteration of Security Certificate.
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Completion or Alteration of Security Certificate.
(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. Added by Laws 1961, p. 154, § 8-206. Amended by Laws 1984, c. 76, § 15, eff. Nov. 1, 1984; Laws 1995, c. 242, § 22, eff. Feb. 1, 1996.