(a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in another respect,
(1) a 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 takes 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.
(c) [Repealed, Sec. 68 ch 17 SLA 1996].
(d) [Repealed, Sec. 68 ch 17 SLA 1996].
Section: Previous 45.08.201 45.08.202 45.08.203 45.08.204 45.08.205 45.08.206 45.08.207 45.08.208 45.08.209 45.08.210 NextLast modified: November 15, 2016