§ 11-8-206 - Completion or alteration of security certificate - Georgia Statutes

State Codes and Statutes

Statutes > Georgia > Title-11 > Article-8 > Part-2 > 11-8-206

O.C.G.A. 11-8-206 (2010)
11-8-206. 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.

State Codes and Statutes

Statutes > Georgia > Title-11 > Article-8 > Part-2 > 11-8-206

O.C.G.A. 11-8-206 (2010)
11-8-206. 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.

State Codes and Statutes

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State Codes and Statutes

Statutes > Georgia > Title-11 > Article-8 > Part-2 > 11-8-206

O.C.G.A. 11-8-206 (2010)
11-8-206. 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.