Alaska Stat. § 45.08.206

Current through Chapter 60 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 45.08.206 - Completion or alteration of certificated security
(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(c)[Repealed, Sec. 68 ch 17 SLA 1996].
(d)[Repealed, Sec. 68 ch 17 SLA 1996].

AS 45.08.206