- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 8. Investment Securities
- Section 206. Completion or Alteration of Certificated Security.
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. Effect of Unauthorized Signature On Security Certificate.
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. Rights and Duties of Issuer With Respect to Registered Owners and Registered Pledgees.
AS 45.08.206. Completion or Alteration of Certificated Security.
- (a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in another
- (1) a 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
takes 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.
- (c) [Repealed, Sec. 68 ch 17 SLA 1996].
- (d) [Repealed, Sec. 68 ch 17 SLA 1996].
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