North Dakota Code 41-08-22 – (8-206) Completion or alteration of security certificate
Current as of: 2023 | Check for updates
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1. If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
Terms Used In North Dakota Code 41-08-22
- Authorized: when used with reference to a financing statement record, means that the financing statement record was filed by a person authorized to do so as provided in sections 41-09-80 and 41-09-130. See North Dakota Code 41-10-01
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
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.