Section 355.8-206 - Completion or alteration of security certificate(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.(2) A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.Effective:1/1/1997
Repealed and reenacted 1996, Ky. Acts ch. 130, sec. 135, effective1/1/1997. -- Amended 1986 Ky. Acts ch. 118, sec. 22, effective 7/1/1987. -- Created 1958 Ky. Acts ch. 77, sec. 8-206, effective 7/1/1960.