Statute · California Commercial Code
Cal. Com. Code § 8305 — Transfer of Certificated and Uncertificated Securities
Cal. Com. Code § 8305
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(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.
Citator
Cal. Com. Code § 8305 — Transfer of Certificated and Uncertificated Securities is in force in the current edition of the Code, and nothing recorded condemns it.
(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 8108 and not an obligation that the security will be honored by the issuer.