Virginia § 8.8A-305 Instruction

Virginia Statutes

§ 8.8A-305 — Instruction

Virginia § 8.8A-305

Title 8.8ACOMMERCIAL CODE — INVESTMENT SECURITIES

Part 3TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES

This text of Virginia § 8.8A-305 (Instruction) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 8.8A-305 (2026).

Text

(a)If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.

(b)Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by § 8.8A-108 and not an obligation that the security will be honored by the issuer.

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(a) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.

(b) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by § 8.8A-108 and not an obligation that the security will be honored by the issuer.