Section 336.8-206 Completion or Alteration of Security Certificate - Minnesota Statutes

336.8-206 MS 1994 [Repealed, 1995 c 194 art 1 s 53]

336.8-206 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.

History:

1995 c 194 art 1 s 22