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2017 Montana Code Annotated
TITLE 30. TRADE AND COMMERCE
CHAPTER 8. UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES
Part 2. Issue and Issuer
30-8-216. Completion of alteration of security certificate
Universal Citation: MT Code § 30-8-216 (2017)
30-8-216. Completion of alteration of security certificate. (1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
(a) any person may complete it by filling in the blanks as authorized; and
(b) 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.
(2) A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
History: En. Sec. 42, Ch. 536, L. 1997.
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