§490:8-206 - Completion or alteration of security certificate.

     §490:8-206  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 33, pt of §2]