State Codes and Statutes

Statutes > Virginia > Title-8-8a > Part-2 > 8-8a-206

§ 8.8A-206. Completion or alteration of security certificate.

(a) If a security certificate contains the signatures necessary to its issueor 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 ascompleted is enforceable by a purchaser who took it for value and withoutnotice of the incorrectness.

(b) A complete security certificate that has been improperly altered, even iffraudulently, remains enforceable, but only according to its original terms.

(1996, c. 216.)

State Codes and Statutes

Statutes > Virginia > Title-8-8a > Part-2 > 8-8a-206

§ 8.8A-206. Completion or alteration of security certificate.

(a) If a security certificate contains the signatures necessary to its issueor 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 ascompleted is enforceable by a purchaser who took it for value and withoutnotice of the incorrectness.

(b) A complete security certificate that has been improperly altered, even iffraudulently, remains enforceable, but only according to its original terms.

(1996, c. 216.)


State Codes and Statutes

State Codes and Statutes

Statutes > Virginia > Title-8-8a > Part-2 > 8-8a-206

§ 8.8A-206. Completion or alteration of security certificate.

(a) If a security certificate contains the signatures necessary to its issueor 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 ascompleted is enforceable by a purchaser who took it for value and withoutnotice of the incorrectness.

(b) A complete security certificate that has been improperly altered, even iffraudulently, remains enforceable, but only according to its original terms.

(1996, c. 216.)