Legislation
SECTION 8-305
Instruction
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 8, PART 3
Section 8--305. Instruction.
(a) 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.
(b) Unless otherwise agreed, a person initiating an instruction
assumes only the obligations imposed by Section 8--108 and not an
obligation that the security will be honored by the issuer.
(a) 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.
(b) Unless otherwise agreed, a person initiating an instruction
assumes only the obligations imposed by Section 8--108 and not an
obligation that the security will be honored by the issuer.