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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>378332</law_id><section_number>8.8A-305</section_number><catch_line>Instruction</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="28" identifier="8.8A">Commercial Code &#x2014; Investment Securities</unit><unit label="part" level="2" order_by="3" identifier="3">Transfer of Certificated and Uncertificated Securities</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> 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. <a id="paragraph-1411630" class="section-permalink" href="https://vacode.org/8.8A-305/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by &#xA7; <a class="law" title="Warranties in direct holding" href="/8.8A-108/">8.8A-108</a> and not an obligation that the security will be honored by the issuer. <a id="paragraph-1411631" class="section-permalink" href="https://vacode.org/8.8A-305/#b"><i class="fa fa-link"/></a></p></section></text><history>1996, c. 216.</history><metadata></metadata></law>
