47-8208. Effect of signature of authenticating trustee, registrar or transfer agent
A. A person signing a security certificate as authenticating trustee, registrar, transfer agent, or the like, warrants to a purchaser for value of the certificated security, if the purchaser is without notice of a particular defect, that:
1. The certificate is genuine;
2. The person's own participation in the issue of the security is within the person's capacity and within the scope of the authority received by the person from the issuer; and
3. The person has reasonable grounds to believe that the certificated security is in the form and within the amount the issuer is authorized to issue.
B. Unless otherwise agreed, a person signing under subsection A does not assume responsibility for the validity of the security in other respects.
Section: Previous 47-8201 47-8202 47-8203 47-8204 47-8205 47-8206 47-8207 47-8208 47-8209 47-8210 47-8301 47-8302 47-8303 47-8304 47-8305 NextLast modified: October 13, 2016