Utah Statutes
§ 70A-8-206 — Completion or alteration of security certificate.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-8 Uniform Commercial Code - Investment Securities·Part 70A-8-2 Issue and Issuer
(1)If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
(1)(a) any person may complete it by filling in the blanks as authorized; and
(1)(b) even if 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 if fraudulently, remains enforceable, but only according to its original terms.
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Legislative History
Repealed and Re-enacted by Chapter 204, 1996 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.