Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent
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Law
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Georgia Code
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Commercial Code
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Investment Securities
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Issue and Issuer
- Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent
- 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:
- The certificate is genuine;
- 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
- 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.
- Unless otherwise agreed, a person signing under subsection (a) of this Code section does not assume responsibility for the validity of the security in other respects.
(Code 1981, §11-8-208, enacted by Ga. L. 1998, p. 1323, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 15A Am. Jur. 2d, Commercial Code, §§ 77, 78.
C.J.S. - 19 C.J.S., Corporations, § 670.
U.L.A. - Uniform Commercial Code (U.L.A.) § 8-208.
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