Idaho § 28-8-205 EFFECT OF UNAUTHORIZED SIGNATURE ON SECURITY CERTIFICATE

Idaho Statutes

§ 28-8-205 — EFFECT OF UNAUTHORIZED SIGNATURE ON SECURITY CERTIFICATE

Idaho § 28-8-205

Title 28COMMERCIAL TRANSACTIONS

Part 2.ISSUE AND ISSUER

Ch. 8INVESTMENT SECURITIES

This text of Idaho § 28-8-205 (EFFECT OF UNAUTHORIZED SIGNATURE ON SECURITY CERTIFICATE) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-8-205 (2026).

Text

An unauthorized signature placed on a security certificate before or in the course of issue is ineffective, but the signature is effective in favor of a purchaser for value of the certificated security if the purchaser is without notice of the lack of authority and the signing has been done by:

(1)An authenticating trustee, registrar, transfer agent or other person entrusted by the issuer with the signing of the security certificate or of similar security certificates, or the immediate preparation for signing of any of them; or

(2)An employee of the issuer, or of any of the persons listed in subsection (1) of this section, entrusted with responsible handling of the security certificate.

Free access — add to your briefcase to read the full text and ask questions with AI

An unauthorized signature placed on a security certificate before or in the course of issue is ineffective, but the signature is effective in favor of a purchaser for value of the certificated security if the purchaser is without notice of the lack of authority and the signing has been done by:
(1) An authenticating trustee, registrar, transfer agent or other person entrusted by the issuer with the signing of the security certificate or of similar security certificates, or the immediate preparation for signing of any of them; or
(2) An employee of the issuer, or of any of the persons listed in subsection (1) of this section, entrusted with responsible handling of the security certificate.