(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.
Section: Previous 11-8-201 11-8-202 11-8-203 11-8-204 11-8-205 11-8-206 11-8-207 11-8-208 11-8-209 11-8-210 NextLast modified: October 14, 2016