Indiana § 26-1-8.1-114 Special rules in actions against issuers of a certificated security

Indiana Statutes

§ 26-1-8.1-114 — Special rules in actions against issuers of a certificated security

Indiana § 26-1-8.1-114

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 8.1Investment Securities

This text of Indiana § 26-1-8.1-114 (Special rules in actions against issuers of a certificated security) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-8.1-114 (2026).

Text

The following rules apply in an action on a certificated security against the issuer:

(1)Unless specifically denied in the pleadings, each signature on a security certificate or in a necessary endorsement is admitted.

(2)If the effectiveness of a signature is put in issue, the burden of establishing effectiveness is on the party claiming under the signature, but the signature is presumed to be genuine or authorized.

(3)If signatures on a security certificate are admitted or established, production of the certificate entitles a holder to recover on it unless the defendant establishes a defense or a defect going to the validity of the security.

(4)If it is shown that a defense or defect exists, the plaintiff has the burden of establishing that the plaintiff or some person under whom the

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The following rules apply in an action on
a certificated security against the issuer:
(1) Unless specifically denied in the pleadings, each signature on
a security certificate or in a necessary endorsement is admitted.
(2) If the effectiveness of a signature is put in issue, the burden of
establishing effectiveness is on the party claiming under the
signature, but the signature is presumed to be genuine or
authorized.
(3) If signatures on a security certificate are admitted or
established, production of the certificate entitles a holder to
recover on it unless the defendant establishes a defense or a defect
going to the validity of the security.
(4) If it is shown that a defense or defect exists, the plaintiff has
the burden of establishing that the plaintiff or some person under
whom the plaintiff claims is a person against whom the defense
or defect cannot be asserted.