(1) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.
(2) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by ORS 78.1080 and not an obligation that the security will be honored by the issuer. [1961 c.726 §78.3050; 1985 c.676 §78.3050; 1995 c.328 §31]
Section: Previous 78.2080 78.2090 78.2100 78.3010 78.3020 78.3030 78.3040 78.3050 78.3060 78.3070 78.3080 78.3090 78.3100 78.3110 78.3120 NextLast modified: August 7, 2008