Ala. Code § 7-8-206: Completion or Alteration of Security Certificate.
Where this section sits in the code
- Title 7 Commercial Code.
- Article 8 Investment Securities.
- Part 2 Issue and Issuer.
(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.
Collected 2026-09-03T14:01:52Z. Source file · JSON