La. Stat. tit. 10 § 8-206

Current with changes from the 2024 Legislative Session
Section 10:8-206 - 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.

La. R.S. § 10:8-206

Added by Acts 1978, No. 165, §1, eff. 1/1/1979. Acts 1989, No. 135, §6, eff. 1/1/1990; Acts 1995, No. 884, §1, eff. 1/1/1996.