Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 8206 - Completion or alteration of security certificate(a) Completion of security certificate.--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) Enforceability of improperly altered security certificate.--A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms. 1996, May 22, P.L. 248, No. 44, § 8, effective in 180 days.