Louisiana Statutes
§ 10:8-305 — Instruction
Louisiana·Title 10 Commercial Laws
(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 R.S. 10:8-108 and not an obligation that the security will be honored by the issuer.
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Legislative History
Added by Acts 1978, No. 165, §1, eff. Jan. 1, 1979. Acts 1989, No. 135, §6, eff. Jan. 1, 1990; Acts 1995, No. 884, §1, eff. Jan. 1, 1996.
Nearby Sections
15
§ 10:8-101
§ 10:8-101§ 10:8-102
Definitions and index of definitions§ 10:8-105
Notice of adverse claim§ 10:8-106
Control§ 10:8-108
Warranties in direct holding§ 10:8-109
Warranties in indirect holding§ 10:8-110
Applicability; choice of law§ 10:8-111
Clearing corporation rules§ 10:8-112
Creditor's legal process§ 10:8-113
Statute of frauds inapplicable