S.C. Code Ann. § 36-8-206 – Completion or alteration of security certificate

(a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
1. (1) any person may complete it by filling in the blanks as authorized; and
2. (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.

HISTORY: 1962 Code Section 10.8-206; 1966 (54) 2716; 1991 Act No. 161, Section 1; 2001 Act No. 67, Section 5. "Notice" Section 1-201(25) "Purchaser" Sections 1-201(33) & 8-116 "Security certificate" Section 8-102(a)(16) "Unauthorized signature" Section 1-201(43) "Value" Sections 1-201(44) & 8-116