Illinois Statutes
§ 8-305 — Instruction
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 810 COMMERCIAL CODE·Act 810 ILCS 5/ Uniform Commercial Code.·Art. Article 8 - Investment Securities
(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 8-108 and not an obligation that the security will be honored by the issuer.
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Legislative History
(Source: P.A. 89-364, eff. 1-1-96.)
Nearby Sections
15
§ 8-101
Short title§ 8-102
Definitions§ 8-103
§ 8-103§ 8-104
§ 8-104§ 8-105
Notice of adverse claim§ 8-106
Control§ 8-107
§ 8-107§ 8-108
Warranties in direct holding§ 8-110
Applicability; choice of law§ 8-111
Clearing corporation rules§ 8-112
Creditor's legal process§ 8-115
§ 8-115