California § 8305. 8305. (Repealed and added by Stats. 1996, Ch. 497, Sec. 9.)

California Statutes

§ 8305. — 8305. (Repealed and added by Stats. 1996, Ch. 497, Sec. 9.)

California § 8305.

Code COMCommercial Code - COM

Div. 8.DIVISION 8. INVESTMENT SECURITIES

Ch. 3.CHAPTER 3. Transfer of Certificated and Uncertificated Securities

This text of California § 8305. (8305. (Repealed and added by Stats. 1996, Ch. 497, Sec. 9.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Commercial Code - COM Code § 8305. (2026).

Text

(a)If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.

(b)Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by Section 8108 and not an obligation that the security will be honored by the issuer.

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(a)
If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.
(b)
Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by Section 8108 and not an obligation that the security will be honored by the issuer.

Legislative History

Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.

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California § 8305., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/8305..