§490:8-206 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. [L 1997, c 33, pt of §2]
Section: Previous 490-8-115 490-8-116 490-8-201 490-8-202 490-8-203 490-8-204 490-8-205 490-8-206 490-8-207 490-8-208 490-8-209 490-8-210 490-8-301 490-8-302 490-8-303 NextLast modified: October 27, 2016