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Cal. Com. Code § 8305

Transfer of Certificated and Uncertificated Securities

Known as the Uniform Commercial Code

The act spans §§ 1101–12107 (623 sections).

Repealed and added by Stats. 1996, Ch. 497, Sec. 9

(a) 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.

(b) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by Section 8108 and not an obligation that the security will be honored by the issuer.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.