Iowa Code 554.8206 – Completion or alteration of security certificate
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Terms Used In Iowa Code 554.8206
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
554.8206 Completion or alteration of security certificate.
1. If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
a. any person may complete it by filling in the blanks as authorized; and
b. 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.
2. A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
[S13, §3060-a14, -a15, -a124; C24, 27, 31, 35, 39, §9474, 9475, 9585; C46, §541.14, 541.15,
541.25; C50, 54, 58, 62, §493A.16, 541.14, 541.15, 541.125; C66, 71, 73, 75, 77, 79, 81,
§554.8206]
89 Acts, ch 113, §13; 96 Acts, ch 1138, §29, 84
1. If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
a. any person may complete it by filling in the blanks as authorized; and
b. 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.
2. A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
[S13, §3060-a14, -a15, -a124; C24, 27, 31, 35, 39, §9474, 9475, 9585; C46, §541.14, 541.15,
541.25; C50, 54, 58, 62, §493A.16, 541.14, 541.15, 541.125; C66, 71, 73, 75, 77, 79, 81,
§554.8206]
89 Acts, ch 113, §13; 96 Acts, ch 1138, §29, 84