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Alaska Statutes.

Title 45. Trade and Commerce

Chapter 8. Investment Securities

Section 206. Completion or Alteration of Certificated Security or Initial Transaction Statement.

AS 45.08.206. Completion or Alteration of Certificated Security or Initial Transaction Statement.

(a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in another respect,

(1) a person may complete it by filling in the blanks as authorized; and

(2) even if the blanks are incorrectly filled in, the security certificate as completed is enforceable by a purchaser who takes 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.

(c) [Repealed, Sec. 68 ch 17 SLA 1996].

(d) [Repealed, Sec. 68 ch 17 SLA 1996].

Note to HTML Version:

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Last modified 9/3/2005