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2015 California Code
Commercial Code - COM
DIVISION 8 - INVESTMENT SECURITIES
CHAPTER 3 - Transfer of Certificated and Uncertificated Securities
Section 8305.

CA Com Code § 8305 through (2015) Leg Sess What's This?

8305. (a) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.

(b) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by Section 8108 and not an obligation that the security will be honored by the issuer.

(Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.)

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