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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS
Chapter 8:
Section: 12A:8-206: Completion or Alteration of Security Certificate.
a. If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
(1) any person may complete it by filling in the blanks as authorized; and
(2) 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.
b. A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
L.1997,c.252,s.1.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 12a:8-206 (if available):
Court decisions that cite this statute:
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