TITLE 30. TRADE AND COMMERCE

CHAPTER 8. UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES

Part 3. Transfer of Certificated and Uncertificated Securities

Instruction

30-8-335. Instruction. (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 30-8-118 and not an obligation that the security will be honored by the issuer.

History: En. Sec. 51, Ch. 536, L. 1997.