O.C.G.A.

O.C.G.A. § 11-8-305 (2019)

Instruction

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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(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 Code Section 11-8-108 and not an obligation that the security will be honored by the issuer.

History

Code 1981, § 11-8-305, enacted by Ga. L. 1998, p. 1323, § 1.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. 15A Am. Jur. 2d, Commercial Code, §§ 83, 117. 18 Am. Jur. 2d, Corporations, § 433. C.J.S. 18 C.J.S., Corporations, §§ 280, 281.

64A C.J.S., Municipal Corporations, § 1707 et seq. 81A C.J.S., States, § 186. U.L.A. Uniform Commercial Code (U.L.A.) § 8305.