§ 62A.8-208. Effect of signature of authenticating trustee, registrar, or transfer agent
(1) 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:
(a) The certificate is genuine;
(b) 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
(c) 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.
(2) Unless otherwise agreed, a person signing under subsection (1) of this section does not assume responsibility for the validity of the security in other respects.
[1995 c 48 § 24; 1986 c 35 § 15; 1965 ex.s. c 157 § 8-208.]
Notes:
Effective date -- 1995 c 48: See RCW 62A.11-113.
Sections: Previous 62A.8-201 62A.8-202 62A.8-203 62A.8-204 62A.8-205 62A.8-206 62A.8-207 62A.8-208 62A.8-209 62A.8-210 62A.8-301 62A.8-302 62A.8-303 62A.8-304 62A.8-305 Next
Last modified: April 7, 2009