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Ark. Code Ann. § 4-8-305

Instruction

Known as the Uniform Commercial Code

The act spans §§ 4–4 (597 sections).

Acts 1995, No. 425, § 1.

(1) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.

(2) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by § 4-8-108 and not an obligation that the security will be honored by the issuer.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.