Tennessee Statutes
§ 47-8-208 — Effect of signature of authenticating trustee, registrar, or transfer agent
Tennessee·Title 47
(a)A person signing a security certificate as authenticating trustee, registrar, transfer agent, or the like, warrants to a purchaser for value of the certificated security, if the purchaser is without notice of a particular defect, that:
(1)the certificate is genuine;
(2)the person's own participation in the issue of the security is within the person's capacity and within the scope of the authority received by the person from the issuer; and (3) the person has reasonable grounds to believe that the certificated security is in the form and within the amount the issuer is authorized to issue.
(b)Unless otherwise agreed, a person signing under subsection (a) does not assume responsibility for the validity of the security in other respects.
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Tennessee § 47-8-208 (Effect of signature of authenticating trustee, registrar, or transfer agent) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1997, ch. 79, § 1.
Nearby Sections
15
§ 47-1-101
Short title§ 47-1-102
Scope of chapter§ 47-1-104
Construction against implied repeal§ 47-1-105
Severability§ 47-1-106
Use of singular and plural - Gender§ 47-1-201
General definitions§ 47-1-202
Notice - Knowledge§ 47-1-204
Value§ 47-1-205
Reasonable time - Seasonableness§ 47-1-206
Presumptions§ 47-1-302
Variation by agreement