Illinois Compiled Statutes 810 ILCS 5/8-206 – Completion or alteration of security certificate
Current as of: 2024 | Check for updates
|
Other versions
(a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
(1) any person may complete it by filling in the
(1) any 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 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.
