§490:8-206 - Completion or alteration of security certificate.
§490:8-206 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. [L 1997, c 33, pt of §2]