Completion or Alteration of Security Certificate.

  1. Law
  2. Oklahoma Statutes
  3. Commercial Code
  4. Completion or Alteration of Security Certificate.

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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.

Added by Laws 1961, p. 154, § 8-206. Amended by Laws 1984, c. 76, § 15, eff. Nov. 1, 1984; Laws 1995, c. 242, § 22, eff. Feb. 1, 1996.


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