Iowa Code § 554.8305

Current through bills signed by governor as of 5/17/2024
Section 554.8305 - Instruction
1. 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.
2. Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by section 554.8108 and not an obligation that the security will be honored by the issuer.

Iowa Code § 554.8305

S13, §3060-a52, -a53; C24, 27, 31, 35, 39, §9512, 9513; C46, 50, 54, 58, 62, § 541.52, 541.53; C66, 71, 73, 75, 77, 79, 81, § 554.8305 89 Acts, ch 113, §20; 96 Acts, ch 1138, §38, 84