An unauthorized signature placed on a security certificate before or in the course of issue is ineffective, but the signature is effective in favor of a purchaser for value of the certificated security if the purchaser is without notice of the lack of authority and the signing has been done by
(1) an authenticating trustee, registrar, transfer agent, or other person entrusted by the issuer with the signing of the security certificate or of similar security certificates, or the immediate preparation for signing of any of them; or
(2) an employee of the issuer, or of a person listed in (1) of this section, entrusted with responsible handling of the security certificate.
Section: Previous 45.08.201 45.08.202 45.08.203 45.08.204 45.08.205 45.08.206 45.08.207 45.08.208 45.08.209 45.08.210 NextLast modified: November 15, 2016