There Is a Newer Version
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the Maine Revised Statutes
2012 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES
11 §8-1305. Instruction
Universal Citation:
11 ME Rev Stat § 8-1305 (2012 through 125th Legis)
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on the American Association of Law Libraries Universal Citation Guide and is not
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Part 3: TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
§8-1305. Instruction
(1). 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.
[ 1997, c. 429, Pt. B, §2 (NEW) .]
(2). Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by section 8-1108 and not an obligation that the security will be honored by the issuer.
[ 1997, c. 429, Pt. B, §2 (NEW) .]
SECTION HISTORY
1997, c. 429, §B2 (NEW).
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