Sec. 8.305. INSTRUCTION. (a) 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.
(b) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by Section 8.108 and not an obligation that the security will be honored by the issuer.
Amended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 8 - Investment Securities
Subchapter C. Transfer of Certificated and Uncertificated Securities
Section 8.302. Rights of Purchaser
Section 8.303. Protected Purchaser
Section 8.306. Effect of Guaranteeing Signature, Indorsement, or Instruction
Section 8.307. Purchaser's Right to Requisites for Registration of Transfer