8.8A-206 - A-206. Completion or alteration of security certificate. - Virginia Statutes

§ 8.8A-206. Completion or alteration of security certificate.

(a) If a security certificate contains the signatures necessary to its issueor 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 ascompleted is enforceable by a purchaser who took it for value and withoutnotice of the incorrectness.

(b) A complete security certificate that has been improperly altered, even iffraudulently, remains enforceable, but only according to its original terms.

(1996, c. 216.)