§ 6A-8-205 - Effect of unauthorized signature on security certificate.
SECTION 6A-8-205
§ 6A-8-205 Effect of unauthorizedsignature on security certificate. – An unauthorized signature placed on a security certificate before or in thecourse of issue is ineffective, but the signature is effective in favor of apurchaser for value of the certificated security if the purchaser is withoutnotice of the lack of authority and the signing has been done by:
(1) an authenticating trustee, registrar, transfer agent, orother person entrusted by the issuer with the signing of the securitycertificate or of similar security certificates, or the immediate preparationfor signing of any of them; or
(2) an employee of the issuer, or of any of the personslisted in paragraph (1), entrusted with responsible handling of the securitycertificate.