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Section 4-8-206 - Completion or alteration of security certificate — Arkansas Law | CourtGPT
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  4. Title 4 - Business and Commercial Law (§§ 4-1-101 — 4-119-105)/
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  6. Chapter 8 - Investment Securities/
  7. Part 2 - Issue and Issuer/
  8. Section 4-8-206 - Completion or alteration of security certificate
Arkansas Legal Code

Section 4-8-206 - Completion or alteration of security certificate

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(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.Acts 1995, No. 425, § 1.