Alaska Statutes: AS 45.08.206. Completion or Alteration of Certificated Security.

Alaska Statutes. Title 45. Trade and Commerce Chapter 8. Investment Securities Section 206. Completion or Alteration of Certificated Security.

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AS 45.08.206. Completion or Alteration of Certificated Security.

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(c) [Repealed, Sec. 68 ch 17 SLA 1996].
(d) [Repealed, Sec. 68 ch 17 SLA 1996].

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