N.C. Gen. Stat. § 25-8-206
Completion of alteration of security certificate
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect: Any person may complete it by filling in the blanks as authorized; and
(1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect: Any 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 took it for value and without notice of the incorrectness.
(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.
(3) A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
(3) A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
History
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.