Maine Revised Statutes
Part 2: ISSUE AND ISSUER
11 §8-1206. Completion or alteration of security certificate

§8-1206. Completion or alteration of security certificate
(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   [PL 1997, c. 429, Pt. B, §2 (NEW).]
(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.   [PL 1997, c. 429, Pt. B, §2 (NEW).]
[PL 1997, c. 429, Pt. B, §2 (NEW).]
(2).  A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.  
[PL 1997, c. 429, Pt. B, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 429, §B2 (NEW).

Structure Maine Revised Statutes