Maine Revised Statutes

§8-1206. Completion or alteration of security certificate

(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 [1997, c. 429, Pt. B, §2 (NEW).]
(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. [1997, c. 429, Pt. B, §2 (NEW).]
[ 1997, c. 429, Pt. B, §2 (NEW) .]
(2).    A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
[ 1997, c. 429, Pt. B, §2 (NEW) .]
SECTION HISTORY
1997, c. 429, §B2 (NEW).