Completion or alteration of security certificate

  1. Law
  2. Mississippi Code
  3. Regulation of Trade, Commerce and Investments
  4. Uniform Commercial Code-Revised Article 8. Investment Securities
  5. Issue and Issuer
  6. Completion or alteration of security certificate

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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.

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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