N.Y. U.C.C. Law § 8-206

Current through 2024 NY Law Chapters 1-59 and 61-121
Section 8-206 - Completion or Alteration of Security Certificate
(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.

N.Y. U.c.c. Law § 8-206