Section 8206.
Cal. Commercial Code - COM § 8206.
in effect(a)
If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect, the following apply:
(1)
Any person may complete it by filling in the blanks as authorized.
(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: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026