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Statutes Text

Article - Commercial Law




§8–206.

    (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.



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