P.R. Laws tit. 19, § 1756

2019-02-20 00:00:00+00
§ 1756. Completion or alteration of securities 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.

History —Aug. 17, 1995, No. 208, added as § 8-206 on Sept. 19, 1996, No. 241, § 12.