| << Previous Section (70A-8-205) | Next Section (70A-8-207) >> |
Uniform Commercial Code | |
Uniform Commercial Code - Investment Securities | |
Section 206 | Completion or alteration of security certificate. |
|
70A-8-206. Completion or alteration of security certificate. (1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect: (a) any person may complete it by filling in the blanks as authorized; and (b) 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. (2) A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
Repealed and Re-enacted by Chapter 204, 1996 General Session |
| << Previous Section (70A-8-205) | Next Section (70A-8-207) >> |