Oregon Statutes
§ 78.2050 — Effect of unauthorized signature on security certificate
Oregon § 78.2050
This text of Oregon § 78.2050 (Effect of unauthorized signature on security certificate) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Or. Rev. Stat. § 78.2050 (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.
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Legislative History
1961 c.726 §78.2050; 1985 c.676 §78.2050; 1995 c.328 §21
Nearby Sections
15
§ 78.1010
Short title§ 78.1020
Definitions and index of definitions§ 78.1030
Rules for determining whether certain obligations and interests are securities or financial assets§ 78.1050
Notice of adverse claim§ 78.1060
Control§ 78.1080
Warranties in direct holding§ 78.1090
Warranties in indirect holding§ 78.1100
Applicability; choice of law§ 78.1110
Clearing corporation rules§ 78.1120
Creditor’s legal process§ 78.1130
Statute of frauds inapplicableCite This Page — Counsel Stack
Bluebook (online)
Oregon § 78.2050, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/78.2050.