§ 34.1-8-208 — Effect of signature of authenticating trustee, registrar, or transfer agent

(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:
(i) The certificate is genuine;
(ii) 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
(iii) 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) of this section does not assume responsibility
for the validity of the security in other respects.