(1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
(a) Any person may complete it by filling in the blanks as authorized; and
(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.
(2) A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
History.—s. 2, ch. 98-11.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 678 - Uniform Commercial Code: Investment Securities
Part II - Issue and Issuer (Ss. 678.2011-678.2101)
678.2021 - Issuer’s responsibility and defenses; notice of defect or defense.
678.2031 - Staleness as notice of defect or defense.
678.2041 - Effect of issuer’s restriction on transfer.
678.2051 - Effect of unauthorized signature on security certificate.
678.2061 - Completion or alteration of security certificate.
678.2071 - Rights and duties of issuer with respect to registered owners.
678.2081 - Effect of signature of authenticating trustee, registrar, or transfer agent.