Rhode Island General Laws 6A-8-206. Completion of alteration of security certificate
Current as of: 2023 | Check for updates
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(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.
Terms Used In Rhode Island General Laws 6A-8-206
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
(b) A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
History of Section.
P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.