(a) Any authorized officer may execute or cause to be executed with a facsimile signature in lieu of his or her manual signature any:
(1) Public security; provided, that at least one signature required or permitted to be placed thereon, which may be the signature of an authorized signer of a bank, trust company or other banking or financial institution action as trustee, authenticating agent, transfer agent, or similar agent, shall be manually subscribed; and
(2) Instrument of payment.
(b) The facsimile signature of an authorized officer has the same legal effect as his or her manual signature.
History of Section.
P.L. 1967, ch. 122, § 1; P.L. 1983, ch. 103, § 2.