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Chapter 336
Section 336.8-206
Topics
Recent History
- 1995 336.8-206 Repealed 1995 c 194 art 1 s 53
- 1995 336.8-206 New 1995 c 194 art 1 s 22
This is an historical version of this statute chapter. Also view the most recent published version.
336.8-206 MS 1994 [Repealed, 1995 c 194 art 1 s 53]
336.8-206 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.
History: 1995 c 194 art 1 s 22
336.8-206 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.
History: 1995 c 194 art 1 s 22
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Revisor of Statutes