Cal. Com. Code § 8206
8206
Effective Jan 1, 1997Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.
(a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect, the following apply:
- (1) Any person may complete it by filling in the blanks as authorized.
- (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.