Montana § 30-8-215 Effect Of Unauthorized Signature On Security Certificate

Montana Statutes

§ 30-8-215 — Effect Of Unauthorized Signature On Security Certificate

Montana § 30-8-215

Title 30TRADE AND COMMERCE

Ch. 8UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES

Part 2Issue and Issuer

This text of Montana § 30-8-215 (Effect Of Unauthorized Signature On Security Certificate) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 30-8-215 (2026).

Text

30-8-215 . Effect of unauthorized signature on security certificate. 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), entrusted with responsible handling of the security certificate.

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30-8-215 . Effect of unauthorized signature on security certificate. 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), entrusted with responsible handling of the security certificate.