2018 Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 8 - Uniform Commercial Code—revised Article 8. Investment Securities
Part 3 - Transfer of Certificated and Uncertificated Securities.
§ 75-8-305. Instruction.

Universal Citation: MS Code § 75-8-305 (2018)
  • (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 75-8-108 and not an obligation that the security will be honored by the issuer.

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