North Dakota Statutes
§ 41-08-21 — (8-205) Effect of unauthorized signature on security certificate
North Dakota § 41-08-21
This text of North Dakota § 41-08-21 ((8-205) Effect of unauthorized signature on security certificate) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 41-08-21 (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, entrusted
with responsible handling of the security certificate.
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Nearby Sections
15
§ 41-01-01
(1-101) Short titles§ 41-01-02
(1-102) Scope of chapter§ 41-01-05
(1-105) Severability§ 41-01-07
(1-107) Section captions§ 41-01-09
(1-201) General definitions§ 41-01-10
(1-202) Notice - Knowledge§ 41-01-12
(1-204) Value§ 41-01-13
(1-205) Reasonable time - Seasonableness§ 41-01-14
(1-206) PresumptionsCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 41-08-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/41-08-21.