Section 206 - Completion or alteration of security certificate.

UT Code § 70A-8-206 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect: (a) any person may complete it by filling in the blanks as authorized; and (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.

(a) any person may complete it by filling in the blanks as authorized; and

(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.