§ 6A-8-206 - Completion of alteration of security certificate. - Rhode-island Statutes

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Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-206

SECTION 6A-8-206

§ 6A-8-206 Completion of alteration ofsecurity certificate. – (a) If a security certificate contains the signatures necessary to its issue ortransfer but is incomplete in any other respect:

(1) any person may complete it by filling in the blanks asauthorized; and

(2) even if the blanks are incorrectly filled in, thesecurity certificate as completed is enforceable by a purchaser who took it forvalue and without notice of the incorrectness.

(b) A complete security certificate that has been improperlyaltered, even if fraudulently, remains enforceable, but only according to itsoriginal terms.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-206

SECTION 6A-8-206

§ 6A-8-206 Completion of alteration ofsecurity certificate. – (a) If a security certificate contains the signatures necessary to its issue ortransfer but is incomplete in any other respect:

(1) any person may complete it by filling in the blanks asauthorized; and

(2) even if the blanks are incorrectly filled in, thesecurity certificate as completed is enforceable by a purchaser who took it forvalue and without notice of the incorrectness.

(b) A complete security certificate that has been improperlyaltered, even if fraudulently, remains enforceable, but only according to itsoriginal terms.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-206

SECTION 6A-8-206

§ 6A-8-206 Completion of alteration ofsecurity certificate. – (a) If a security certificate contains the signatures necessary to its issue ortransfer but is incomplete in any other respect:

(1) any person may complete it by filling in the blanks asauthorized; and

(2) even if the blanks are incorrectly filled in, thesecurity certificate as completed is enforceable by a purchaser who took it forvalue and without notice of the incorrectness.

(b) A complete security certificate that has been improperlyaltered, even if fraudulently, remains enforceable, but only according to itsoriginal terms.