Indiana Statutes
§ 26-1-8.1-205 — Effect of unauthorized signature or certificate
Indiana § 26-1-8.1-205
This text of Indiana § 26-1-8.1-205 (Effect of unauthorized signature or certificate) 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 § 26-1-8.1-205 (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, a registrar, a 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
subdivision (1), entrusted with responsible handling of the
security certificate.
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Legislative History
As added by P.L.247-1995, SEC.10.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
SeverabilityCite This Page — Counsel Stack
Bluebook (online)
Indiana § 26-1-8.1-205, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-8.1-205.