Instruction

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Investment Securities
  5. Transfer of Certificated and Uncertificated Securities
  6. Instruction

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  1. 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.
  2. Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by Code Section 11-8-108 and not an obligation that the security will be honored by the issuer.

(Code 1981, §11-8-305, enacted by Ga. L. 1998, p. 1323, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 15A Am. Jur. 2d, Commercial Code, §§ 83, 117. 18 Am. Jur. 2d, Corporations, § 433.

C.J.S.

- 18 C.J.S., Corporations, §§ 280, 281. 64A C.J.S., Municipal Corporations, § 1707 et seq. 81A C.J.S., States, § 186.

U.L.A.

- Uniform Commercial Code (U.L.A.) § 8-305.


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