New York Statutes
§ 8-305 — Instruction
New York·Law UCC Uniform Commercial Code·Part 3 Transfer of Certificated and Uncertificated Securities·Art. 8 Investment Securities
Section 8--305. Instruction.\n (a) If an instruction has been originated by an appropriate person but\nis incomplete in any other respect, any person may complete it as\nauthorized and the issuer may rely on it as completed, even though it\nhas been completed incorrectly.\n (b) Unless otherwise agreed, a person initiating an instruction\nassumes only the obligations imposed by Section 8--108 and not an\nobligation that the security will be honored by the issuer.\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