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2012 Utah Code
Title 70A - Uniform Commercial Code
Article 8 - Uniform Commercial Code - Investment Securities
Section 206 - Completion or alteration of security certificate.
Universal Citation:
UT Code ยง 70A-8-206 (2012)
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70A-8-206. Completion or 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.
Repealed and Re-enacted by Chapter 204, 1996 General Session
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