(a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in another respect, (1) a 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 takes 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. (c) [Repealed, § 68 ch 17 SLA 1996.] (d) [Repealed, § 68 ch 17 SLA 1996.]
Alaska Legal Code