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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1308.12 | Effect of unauthorized signature on security certificate - UCC 8-205.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1308 Investment Securities
 
Effective:
January 1, 1998
Latest Legislation:
House Bill 170 - 122nd General Assembly
PDF:
Download Authenticated PDF
 

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:

(A) 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

(B) An employee of the issuer, or of any of the persons listed in division (A) of this section, entrusted with responsible handling of the security certificate.

Available Versions of this Section