Section 55-8-206 - Completion or alteration of security certificate. - New Mexico Statutes

55-8-206. 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.