NRS104.8206. Completion or alteration of security certificate.

Latest version.

      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 though 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 though fraudulently, remains enforceable, but only according to its original terms.

(Added to NRS by 1965, 880; A 1985, 93; 1997, 394; 1999, 403)

                    
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