Wisconsin § 408.205 Effect of unauthorized signature on security certificate.

Wisconsin Statutes

§ 408.205 — Effect of unauthorized signature on security certificate.

Wisconsin § 408.205

Ch. 408Uniform commercial code — investment securities

Subch.subch. II of ch. 408 SUBCHAPTER II

ISSUE AND ISSUER

This text of Wisconsin § 408.205 (Effect of unauthorized signature on security certificate.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 408.205 (2026).

Text

408.205 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: 408.205(1) (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 408.205(2) (2) An employee of the issuer, or of any of the persons listed in sub.

(1), entrusted with responsible handling of the security certificate.

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408.205 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:
408.205(1) (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
408.205(2) (2) An employee of the issuer, or of any of the persons listed in sub. (1) , entrusted with responsible handling of the security certificate.