Idaho Statutes

Idaho Statutes are updated to the web July 1 following the legislative session.

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TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER 8
INVESTMENT SECURITIES
PART 3.
TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
28-8-305.  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 in section 28-8-108 and not an obligation that the security will be honored by the issuer.

History:
[28-8-305, added 1995, ch. 272, sec. 2, p. 890.]


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