CHAPTER 3. FACSIMILE SIGNATURES ON OBLIGATIONS
IC 5-1-3
Chapter 3. Facsimile Signatures on Obligations
IC 5-1-3-1
Definitions
Sec. 1. For the purposes of this chapter:
(a) "Public entity" shall include any political subdivision as
defined by IC 36-1-2, state commission, state authority, and all other
public bodies corporate and politic.
(b) "Obligations" shall include any bond, note, warrant, or other
obligation.
(Formerly: Acts 1971, P.L.40, SEC.1.) As amended by Acts 1981,
P.L.11, SEC.13.
IC 5-1-3-2
Facsimile signature
Sec. 2. (a) Whenever any existing statute requires the manual
execution, attesting or authentication of any obligation issued by any
public entity named in IC 5-1-1-1 by one (1) or more officials or
persons, facsimile signatures of such officials or persons may be used
instead of and with the same force and effect as manually executing
such obligations. One (1) signature on the obligation shall be manual
and may be either the signature of one (1) of the officials or persons
or of any trustee, paying agent, registrar, co-registrar, transfer agent,
or other fiduciary charged with authenticating the obligations.
(b) Any obligation executed by the facsimile signature of officials
or persons is valid and binding, if the officials or persons satisfied
the provisions of the statute under which the obligation is issued on
the date that the signature was printed on the obligation, even if the
obligation is delivered after the official or person whose facsimile
signature appears thereon no longer satisfies the provisions of the
statute.
(Formerly: Acts 1971, P.L.40, SEC.1.) As amended by P.L.44-1983,
SEC.2.
IC 5-1-3-3
Interest coupons; signatures
Sec. 3. These provisions shall not be construed to require manual
signing of any interest coupons and signatures on interest coupons
may all be facsimile signatures.
(Formerly: Acts 1971, P.L.40, SEC.1.)