2015 Mississippi Code
Title 75 - REGULATION OF TRADE, COMMERCE AND INVESTMENTS
Chapter 8 - UNIFORM COMMERCIAL CODE--REVISED ARTICLE 8. INVESTMENT SECURITIES
Part 2 - ISSUE AND ISSUER
§ 75-8-206 - Completion or alteration of security certificate

MS Code § 75-8-206 (2015) What's This?

(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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