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Alabama · Through Act 2026-611

Ala. Code § 7-8-206: Completion or Alteration of Security Certificate.

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Where this section sits in the code
  1. Title 7 Commercial Code.
  2. Article 8 Investment Securities.
  3. 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

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