There is a newer version
of
this Section
2017 Alaska Statutes
Title 45. Trade and Commerce
Chapter 08. Investment Securities
Article 2. Issue — Issuer
Sec. 45.08.206. Completion or alteration of certificated security.
Universal Citation: AK Stat § 45.08.206 (2017)
(a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in another respect,
(1) a 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 takes 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.
(c) [Repealed, § 68 ch 17 SLA 1996.](d) [Repealed, § 68 ch 17 SLA 1996.]
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
