Maryland Code, Commercial Law § 8-305
Current as of December 31, 2021 | Updated by FindLaw Staff
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(a) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.
(b) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by § 8-108 of this title and not an obligation that the security will be honored by the issuer.
Cite this article: FindLaw.com - Maryland Code, Commercial Law § 8-305 - last updated December 31, 2021 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-8-305/
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