New Jersey Statutes - Title 12A Commercial Transactions - 12A:8-206 Completion or Alteration of Security Certificate.
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New Jersey Laws > Commercial Transactions > New Jersey Statutes - Title 12A Commercial Transactions - 12A:8-206 Completion or Alteration of Security Certificate.
12A: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.252,s.1.
Sections: 8-115 8-116 8-201 8-202 8-203 8-204 8-205 8-206 8-207 8-208 8-209 8-210 8-301 8-302 8-303
Last modified: February 13, 2012
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