70A-8-206 - 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 isincomplete 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 isenforceable 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Repealed and Re-enacted by Chapter 204, 1996 General Session