2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 82 - Issue and Issuer
Section 8205 - Effect of unauthorized signature on security certificate

     § 8205.  Effect of unauthorized signature on security
                certificate.
        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:
            (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 the immediate preparation for signing of any of them; or
            (2)  an employee of the issuer, or of any of the persons
        listed in paragraph (1), entrusted with responsible handling
        of the security certificate.

        Cross References.  Section 8205 is referred to in section
     8202 of this title.