California Commercial Code

§ 8206

COM § 8206 Effective Jan 1, 1997Div. 8 · Ch. 2

Statute text

(a)If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect, the following apply:

(1)Any person may complete it by filling in the blanks as authorized.

(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.

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Legislative history

Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.