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2009 Kentucky Revised Statutes
Article 8 Investment Securities
355.8.205 Effect of unauthorized signature on security certificate.

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355.8-205 Effect of unauthorized signature on security certificate. An unauthorized signature placed on a security certificate before or in the course of issue <br>is ineffective, but the signature is effective in favor of a purchaser for value of the <br>certificated security if the purchaser is without notice of the lack of authority and the <br>signing has been done by: <br>(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 <br>the immediate preparation for signing of any of them; or (2) An employee of the issuer, or of any of the persons listed in subsection (1) of this section, entrusted with responsible handling of the security certificate. Effective: January 1, 1997 <br>History: Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 134, effective January 1, 1997. -- Amended 1986 Ky. Acts ch. 118, sec. 21, effective July 1, 1987. -- Created <br>1958 Ky. Acts ch. 77, sec. 8-205, effective July 1, 1960.

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