New York Statutes
§ 8-206 — Completion or Alteration of Security Certificate
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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Nearby Sections
15
§ 8-101
Short Title§ 8-102
Definitions§ 8-103
Rules for Determining Whether Certain Obligations and Interests are Securities or Financial Assets§ 8-105
Notice of Adverse Claim§ 8-106
Control§ 8-108
Warranties in Direct Holding§ 8-110
Applicability; Choice of Law§ 8-111
Clearing Corporation Rules§ 8-112
Creditor's Legal Process