There Is a Newer Version
of
the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 34 - Liability of Parties
Section 3403 - Unauthorized signature
§ 3403. Unauthorized signature.
(a) Ineffectiveness or ratification.--Unless otherwise
provided in this division or Division 4 (relating to bank
deposits and collections), an unauthorized signature is
ineffective except as the signature of the unauthorized signer
in favor of a person who in good faith pays the instrument or
takes it for value. An unauthorized signature may be ratified
for all purposes of this division.
(b) Signature of organization.--If the signature of more
than one person is required to constitute the authorized
signature of an organization, the signature of the organization
is unauthorized if one of the required signatures is lacking.
(c) Liability.--The civil or criminal liability of a person
who makes an unauthorized signature is not affected by any
provision of this division which makes the unauthorized
signature effective for the purposes of this division.
Cross References. Section 3403 is referred to in section
4104 of this title.
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