(a) If a security certificate contains the signatures necessary to its issue or 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 as completed is enforceable by a purchaser who took it for value and without notice of the incorrectness.
(b) A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
Structure Maryland Statutes
Title 8 - Investment Securities
Section 8-202 - Issuer's Responsibility and Defenses; Notice of Defect or Defense
Section 8-203 - Staleness as Notice of Defects or Defense
Section 8-204 - Effect of Issuer's Restrictions on Transfer
Section 8-205 - Effect of Unauthorized Signature on Security Certificate
Section 8-206 - Completion or Alteration of Security Certificate
Section 8-207 - Rights of Issuer With Respect to Registered Owners
Section 8-208 - Effect of Signature of Authenticating Trustee, Registrar or Transfer Agent