12A:8-206 - Completion or Alteration of Security Certificate - New Jersey Statutes

12A: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.

L.1997,c.252,s.1.