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Current as of February 19, 2021 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - New Jersey Statutes Title 12A. Commercial Transactions 12A § 8-206 - last updated February 19, 2021 | https://codes.findlaw.com/nj/title-12a-commercial-transactions/nj-st-sect-12a-8-206/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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