N.M. Stat. § 55-8-206

Current through 2024, ch. 69
Section 55-8-206 - 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.

NMS § 55-8-206

1978 Comp., § 55-8-206, enacted by Laws 1996, ch. 47, § 26.