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the Utah Code
2012 Utah Code
Title 70A - Uniform Commercial Code
Article 8 - Uniform Commercial Code - Investment Securities
Section 305 - Instruction.
Universal Citation:
UT Code ยง 70A-8-305 (2012)
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70A-8-305. 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.
(2) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by Section 70A-8-107 and not an obligation that the security will be honored by the issuer.
Repealed and Re-enacted by Chapter 204, 1996 General Session
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