Montana § 30-8-216 Completion Of Alteration Of Security Certificate

Montana Statutes

§ 30-8-216 — Completion Of Alteration Of Security Certificate

Montana § 30-8-216

Title 30TRADE AND COMMERCE

Ch. 8UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES

Part 2Issue and Issuer

This text of Montana § 30-8-216 (Completion Of Alteration Of Security Certificate) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 30-8-216 (2026).

Text

30-8-216 . Completion of alteration of security certificate.

(1)If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:

(a)any person may complete it by filling in the blanks as authorized; and

(b)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.

(2)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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30-8-216 . Completion of alteration of security certificate. (1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
(a) any person may complete it by filling in the blanks as authorized; and
(b) 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.
(2) A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.