§ 34.1-8-205 — Effect of unauthorized signature on security certificate

Wyoming § 34.1-8-205

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 8: INVESTMENT SECURITIES

Text

(a) 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:
(i) 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
(ii) An employee of the issuer, or of any of the
persons listed in paragraph (i) of this subsection, entrusted
with responsible handling of the security certificate.