Section 11-8-206. Completion or alteration of security certificate

Latest version.

   (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.

Code 1981, § 11-8-206, enacted by Ga. L. 1998, p. 1323, § 1.

                    
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