North Dakota § 41-08-31 (8-305) Instruction

North Dakota Statutes

§ 41-08-31 — (8-305) Instruction

North Dakota § 41-08-31

Title 41Uniform Commercial Code

Ch. 41-08Investment Securities

This text of North Dakota § 41-08-31 ((8-305) Instruction) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-08-31 (2026).

Text

1.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.

2.Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by section 41-08-08 and not an obligation that the security will be honored by the issuer.

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1. 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.
2. Unless otherwise agreed, a person initiating an instruction assumes only the
obligations imposed by section 41-08-08 and not an obligation that the security will be
honored by the issuer.