Ky. Rev. Stat. § 355.8-305

Current through Acts Received April 24, 2024
Section 355.8-305 - 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 KRS 355.8-108 and not an obligation that the security will be honored by the issuer.

KRS 355.8-305

Effective:1/1/1997
Repealed and reenacted 1996, Ky. Acts ch. 130, sec. 144, effective1/1/1997. -- Amended 1986 Ky. Acts ch. 118, sec. 29, effective 7/1/1987. -- Created 1958 Ky. Acts ch. 77, sec. 8-305, effective 7/1/1960.