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Texas Business & Commerce Code - Section 8.206. Completion Or Alteration Of Security Certificate

Legal Research Home > Texas Laws > Business & Commerce Code > Texas Business & Commerce Code - Section 8.206. Completion Or Alteration Of Security Certificate

§ 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.

Amended by Acts 1995, 74th Leg., ch. 962, § 1, eff. Sept. 1, 
1995.       

Last modified: August 11, 2007