Alaska Statutes Title 45. Trade and Commerce § 45.08.206. Completion or alteration of certificated security
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(a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in another respect,
(1) a 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 takes 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.
(c), (d) Repealed by SLA 1996, ch. 17, § 68, eff. Jan. 1, 1997.
Cite this article: FindLaw.com - Alaska Statutes Title 45. Trade and Commerce § 45.08.206. Completion or alteration of certificated security - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-45-trade-and-commerce/ak-st-sect-45-08-206.html
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