Sec. 8-206

810 ILCS 5/8-206, under Issue And Issuer.

810 ILCS 5/8-206

(810 ILCS 5/8-206) (from Ch. 26, par. 8-206)

    Sec. 8-206.

Completion or alteration of security certificate.

    (a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:

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

(Source: P.A. 89-364, eff. 1-1-96.)