Current through the 2024 Regular Session
Section 75-8-206 - Completion or alteration of security certificate(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.Laws, 1996, ch. 486, § 23, eff. 7/1/1996.