California · Commercial Code

COM §8305: (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 tho

What this law says, in plain English

An authorized person may complete an incomplete instruction originated by an appropriate person, and the issuer may rely on the completed instruction.

Read the full statutory text

(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 8108 and not an obligation that the security will be honored by the issuer.

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