---
title: O.C.G.A. § 11-8-205. Effect of unauthorized signature on security certificate.
collection: code
id: 11-8-205
cite_as: O.C.G.A. § 11-8-205 (2025)
canonical_url: https://georgiacommons.org/code/11-8-205
md_url: https://georgiacommons.org/code/11-8-205.md
text_url: https://georgiacommons.org/code/11-8-205/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-2022-pdf.pdf?sfvrsn=b5451bbd_0#page=676
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/11-8.md
previous: https://georgiacommons.org/code/11-8-204.md
next: https://georgiacommons.org/code/11-8-206.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / INVESTMENT SECURITIES / ISSUE AND ISSUER
---

# O.C.G.A. § 11-8-205. 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) of this Code section, entrusted with responsible handling of the security certificate.

## History

Code 1981, § 11-8-205, enacted by Ga. L. 1998, p. 1323, § 1.