(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.
Added by Acts 1996, c. 92, § 2, eff. Oct. 1, 1996.