Nevada § 104.8206 Completion or alteration of security certificate

Nevada Statutes

§ 104.8206 — Completion or alteration of security certificate

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104 Uniform· Issue and Issuer

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 though 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 though fraudulently, remains enforceable, but only according to its original terms.

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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 though 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 though fraudulently, remains enforceable, but only according to its original terms.

Nevada § 104.8206 (Completion or alteration of security certificate) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.