GroundRules
← Search the law
South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 36-8-206: Completion or alteration of security certificate.

Read at publisher ↗
Where this section sits in the code
  1. Title 36 - COMMERCIAL CODE
  2. CHAPTER 8 Commercial Code—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 2026-09-02T07:08:44Z. Source file · JSON

Browse this collection