☰ Revisor of Missouri

Title XXVI TRADE AND COMMERCE

Chapter 400

Effective - 28 Aug 1997 bottom

  400.8-305.  Instruction. — (a)  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.

  (b)  Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by section 400.8-108 and not an obligation that the security will be honored by the issuer.

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(L. 1963 p. 503 § 8-305, A.L. 1992 S.B. 448, A.L. 1997 S.B. 6)


---- end of effective   28 Aug 1997 ----

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