(a) A person is not liable on an instrument unless (i) the person signed the instrument, or (ii) the person is represented by an agent or representative who signed the instrument and the signature is binding on the represented person under section 42a-3-402.
(b) A signature may be made (i) manually or by means of a device or machine, and (ii) by the use of any name, including a trade or assumed name, or by a word, mark, or symbol executed or adopted by a person with present intention to authenticate a writing.
(1959, P.A. 133, S. 3-401; P.A. 91-304, S. 38.)
History: P.A. 91-304 replaced numeric Subsec. indicators with alphabetic Subsec. indicators, amended Subsec. (a) to revise provisions and add provision re signature by agent or represented person and amended Subsec. (b) to revise provisions and add provision authorizing a signature to be made manually or by means of a device or machine.
Subsec. (b): Bank can use any mark to manifest its intent to create an endorsement through a signature, and the name of a former employee falls within the category of “any name, including a trade or assumed name, or by a word, mark, or symbol”, thus stamped signature on note meets the signature requirements for negotiable instruments under section. 197 CA 129.
Cited. 32 CS 178.