Completion or alteration of security certificate.
(1) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect:
(a) Any person may complete it by filling in the blanks as authorized; and
(b) Even though 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) A complete security certificate that has been improperly altered, even if fraudulently, remains enforceable, but only according to its original terms.
[ 1995 c 48 s 22; 1986 c 35 s 13; 1965 ex.s. c 157 s 8-206. Cf. former RCW sections: (i) RCW 23.80.160; 1939 c 100 s 16; RRS s 3803-116; formerly RCW 23.20.170. (ii) RCW 62.01.014, 62.01.015, and 62.01.124; 1955 c 35 ss 62.01.014, 62.01.015, and 62.01.124; prior: 1899 c 149 ss 14, 15, and 124; RRS ss 3405, 3406, and 3514.]
NOTES:
Effective date—1995 c 48: See RCW 62A.11-113.