§ 70A-8-206. Completion or alteration of security certificate.

Latest version.

(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Repealed and Re-enacted by Chapter 204, 1996 General Session

                    
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