GroundRules
← Search the law
Wisconsin · Through 2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)

Wis. Stat. § 408.206: Completion or alteration of security certificate.

Read at publisher ↗
Where this section sits in the code
  1. Chs. 401-411, Uniform Commercial Code
  2. Chapter 408 Uniform Commercial Code — Investment Securities
  3. SUBCHAPTER II ISSUE AND ISSUER

(1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:

(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.

Collected 2026-09-05T12:01:22Z. Source file · JSON

Browse this collection