47-8206. 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 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.
Section: Previous 47-8115 47-8116 47-8201 47-8202 47-8203 47-8204 47-8205 47-8206 47-8207 47-8208 47-8209 47-8210 47-8301 47-8302 47-8303 NextLast modified: October 13, 2016