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Official Code of Georgia Annotated

Title 11. COMMERCIAL CODE · Chapter 8. · Article 8. INVESTMENT SECURITIES · Part 2. ISSUE AND ISSUER

11-8-206. Completion or alteration of security certificate.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (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.#

  2. (b)

    A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 11-8-206, enacted by Ga. L. 1998, p. 1323, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t11-(v9)-2022-pdf.pdf, Volume V9, 2022 edition, page 677; merge action: carried; file SHA-256 ad397fccbf21.