Completion of alteration of security certificate

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  • (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.


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