The signatures of the officers of a corporation and the seal of the corporation upon any bond, debenture, interest coupon, or other debt security may be facsimiles if the instrument is authenticated or countersigned by a trustee or transfer agent or registered by a registrar other than the corporation or an employee of the corporation. The transfer agent or registrar may sign manually or in facsimile.
(Code 1981, §14-2-150, enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 1989, p. 946, § 7.)
Law reviews.- For article discussing issuance of debt securities under the Georgia Business Corporation Code, see 3 Ga. L. Rev. 11 (1968).
COMMENT
Source: This provision was taken from former law, § 14-2-87(b).
Note to 1989 Amendment The 1989 amendment changed this provision to provide that all signatures on a bond or debenture may be facsimiles. The 1989 amendments made a similar change in the requirements for stock certificates contained in Code Section 14-2-625(d).
Cross-References Signatures on share certificates, see § 14-2-625.
RESEARCH REFERENCES
Am. Jur. 2d.
- 18A Am. Jur. 2d, Corporations, § 245.
C.J.S.- 19 C.J.S., Corporations, § 752.