§ 25-8-206. Completion of alteration of security certificate. - North Carolina Statutes

§25‑8‑206.  Completion of alteration of security certificate.

(a)        If a securitycertificate contains the signatures necessary to its issue or transfer but isincomplete in any other respect:

(1)        Any person maycomplete it by filling in the blanks as authorized; and

(2)        Even if the blanksare incorrectly filled in, the security certificate as completed is enforceableby a purchaser who took it for value and without notice of the incorrectness.

(b)        A complete securitycertificate that has been improperly altered, even if fraudulently, remainsenforceable, but only according to its original terms. (1899,c. 733, ss. 14, 15, 124; Rev., ss. 2164, 2165, 2274; C.S., ss. 2995, 2996,3106; 1941, c. 353, s. 16; G.S., s. 55‑96; 1955, c. 1371, s. 2; 1965, c.700, s. 1; 1989, c. 588, s. 1; 1997‑181, s. 1.)