47-3403. Unauthorized signature
A. Unless otherwise provided in this chapter or chapter 4 of this title, an unauthorized signature is ineffective except as the signature of the unauthorized signer in favor of a person who in good faith pays the instrument or takes it for value. An unauthorized signature may be ratified for all purposes of this chapter.
B. If the signature of more than one person is required to constitute the authorized signature of an organization, the signature of the organization is unauthorized if one of the required signatures is lacking.
C. The civil or criminal liability of a person who makes an unauthorized signature is not affected by any provision of this chapter which makes the unauthorized signature effective for the purposes of this chapter.
Section: Previous 47-3308 47-3309 47-3310 47-3311 47-3312 47-3401 47-3402 47-3403 47-3404 47-3405 47-3406 47-3407 47-3408 47-3409 47-3410 NextLast modified: October 13, 2016