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 by section 554.8108 and not an obligation that the security will be honored by the issuer.
[S13, § 3060-a52, -a53; C24, 27, 31, 35, 39, § 9512, 9513; C46, 50, 54, 58, 62, § 541.52, 541.53; C66, 71, 73, 75, 77, 79, 81, § 554.8305]
89 Acts, ch 113, § 20; 96 Acts, ch 1138, § 38, 84
1996 amendment takes effect July 1, 1997; 96 Acts, ch 1138, § 84; for provisions governing the continued perfection of security interests that are perfected as of July 1, 1997, see 96 Acts, ch 1138, § 80, 84; for law prior to July 1, 1997, see § 554.8308, Code 1995
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