Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent
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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) does not assume responsibility for the validity of the security in other respects.