Code of Virginia (Last Updated:July 28, 2020) |
TITLE 8.8A. Commercial Code - Investment Securities |
PART 2. Issue and Issuer |
SECTION 8.8A-206. Completion or alteration of security certificate |
(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 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. 1996, c. 216 . |