28-8-305. INSTRUCTION. (1) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.
(2) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed in section 28-8-108 and not an obligation that the security will be honored by the issuer.
History:
[28-8-305, added 1995, ch. 272, sec. 2, p. 890.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 8 - INVESTMENT SECURITIES
Part 3 - TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
Section 28-8-302 - RIGHTS OF PURCHASER.
Section 28-8-303 - PROTECTED PURCHASER.
Section 28-8-304 - INDORSEMENT.
Section 28-8-305 - INSTRUCTION.
Section 28-8-306 - EFFECT OF GUARANTEEING SIGNATURE, INDORSEMENT OR INSTRUCTION.
Section 28-8-307 - PURCHASER’S RIGHT TO REQUISITES FOR REGISTRATION OF TRANSFER.