Section 1308.13 | Completion or alteration of security certificate - UCC 8-206.
Effective:
January 1, 1998
Latest Legislation:
House Bill 170 - 122nd General Assembly
(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 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.
Available Versions of this Section
- January 1, 1998 – House Bill 170 - 122nd General Assembly [ View January 1, 1998 Version ]