§ 26-1-3.1-115 — Incomplete instrument

Indiana § 26-1-3.1-115

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 1: UNIFORM COMMERCIAL CODE
• Ch. 3.1: Negotiable Instruments

Text

(a) "Incomplete instrument" means a
signed writing, whether or not issued by the signer, the contents of
which show at the time of signing that it is incomplete but that the
signer intended it to be completed by the addition of words or numbers.
(b) Subject to subsection (c), if an incomplete instrument is an
instrument under IC 26-1-3.1-104, it may be enforced according to its
terms if it is not completed, or according to its terms as augmented by
completion. If an incomplete instrument is not an instrument under IC 26-1-3.1-104, but, after completion, the requirements of IC 26-1-3.1-104 are met, the instrument may be enforced according to its
terms as augmented by completion.
(c) If words or numbers are added to an incomplete instrument
without authority of the signer, there is an alteration of the incomplete
instrument under IC 26-1-3.1-407.
(d) The burden of establishing that words or numbers were added to
an incomplete instrument without authority of the signer is on the
person asserting the lack of authority.

Legislative History

As added by P.L.222-1993, SEC.5.