408.206 Completion or alteration of security certificate. - Wisconsin Statutes

408.206

408.206 Completion or alteration of security certificate.

408.206(1)

(1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:

408.206(1)(a)

(a) Any person may complete it by filling in the blanks as authorized; and

408.206(1)(b)

(b) 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.

408.206(2)

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

408.206 - ANNOT.

History: 1997 a. 297.