Statute · California Commercial Code
Cal. Com. Code § 8206 — Issue and Issuer
Cal. Com. Code § 8206
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect, the following apply:
Citator
Cal. Com. Code § 8206 — Issue and Issuer is in force in the current edition of the Code, and nothing recorded condemns it.
(a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect, the following apply:
(1) Any person may complete it by filling in the blanks as authorized.
(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.