Utah Statutes
§ 70A-8-208 — Effect of signature of authenticating trustee, registrar, or transfer agent.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-8 Uniform Commercial Code - Investment Securities·Part 70A-8-2 Issue and Issuer
(1)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)(a) the certificate is genuine;
(1)(b) 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
(1)(c) 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.
(2)Unless otherwise agreed, a person signing under Subsection (1) does not assume responsibility for the validity of the security in other respects.
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Utah § 70A-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
Repealed and Re-enacted by Chapter 204, 1996 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.