New York § 8-305 Instruction

New York Statutes

§ 8-305 — Instruction

New York § 8-305

Law UCCUniform Commercial Code

Part 3Transfer of Certificated and Uncertificated Securities

Art. 8Investment Securities

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Bluebook

N.Y. Uniform Commercial Code § 8-305 (2026).

Text

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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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