104.8206 - Completion or alteration of security certificate. - Nevada Statutes

104.8206  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 though 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 though fraudulently, remains enforceable, but only according to its original terms.

      (Added to NRS by 1965, 880; A 1985, 93; 1997, 394; 1999, 403)