2011 New Mexico Statutes
Chapter 55: Uniform Commercial Code
Article 8: Investment Securities, 55-8-101 through 55-8-511
Section 55-8-206: Completion or alteration of security certificate.
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.
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