New York § 8-206 Completion or Alteration of Security Certificate

New York Statutes

§ 8-206 — Completion or Alteration of Security Certificate

New York § 8-206

Law UCCUniform Commercial Code

Part 2Issue and Issuer

Art. 8Investment Securities

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Bluebook

N.Y. Uniform Commercial Code § 8-206 (2026).

Text

Section 8--206. Completion or Alteration of Security Certificate.\n  (a) If a security certificate contains the signatures necessary to its\nissue or transfer but is incomplete in any other respect:\n       (1) any person may complete it by filling in the blanks as\n           authorized; and\n       (2) even if the blanks are incorrectly filled in, the security\n           certificate as completed is enforceable by a purchaser who\n           took it for value and without notice of the incorrectness.\n  (b) A complete security certificate that has been improperly altered,\neven if fraudulently, remains enforceable, but only according to its\noriginal terms.\n

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Section 8--206. Completion or Alteration of Security Certificate.\n (a) If a security certificate contains the signatures necessary to its\nissue or transfer but is incomplete in any other respect:\n (1) any person may complete it by filling in the blanks as\n authorized; and\n (2) even if the blanks are incorrectly filled in, the security\n certificate as completed is enforceable by a purchaser who\n took it for value and without notice of the incorrectness.\n (b) A complete security certificate that has been improperly altered,\neven if fraudulently, remains enforceable, but only according to its\noriginal terms.\n