(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 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.
Effective Date: 01-01-1998
Section: Previous 1308.06 1308.07 1308.08 1308.09 1308.10 1308.11 1308.12 1308.13 1308.14 1308.15 1308.16 1308.17 1308.18 1308.19 1308.20 NextLast modified: October 10, 2016