Indiana Code § 26-1-8.1-206

Enforceability of incomplete or incorrect certificate
Open in Lexace · Ask the AI about this section
Sec. 206. (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.

‹ Prev All Indiana sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.