Legislation
SECTION 8-206
Completion or Alteration of Security Certificate
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 8, PART 2
Section 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.
(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.