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Official Code of Georgia Annotated

Title 11. COMMERCIAL CODE · Chapter 8. · Article 8. INVESTMENT SECURITIES · Part 2. ISSUE AND ISSUER

11-8-208. Effect of signature of authenticating trustee, registrar, or transfer agent.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

    A person signing a security certificate as authenticating trustee, registrar, transfer agent, or the like, warrants to a purchaser for value of the certificated security, if the purchaser is without notice of a particular defect, that:#

    1. (1)

      The certificate is genuine;#

    2. (2)

      The person’s own participation in the issue of the security is within the person’s capacity and within the scope of the authority received by the person from the issuer; and#

    3. (3)

      The person has reasonable grounds to believe that the certificated security is in the form and within the amount the issuer is authorized to issue.#

  2. (b)

    Unless otherwise agreed, a person signing under subsection (a) of this Code section does not assume responsibility for the validity of the security in other respects.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 11-8-208, enacted by Ga. L. 1998, p. 1323, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t11-(v9)-2022-pdf.pdf, Volume V9, 2022 edition, page 678; merge action: carried; file SHA-256 ad397fccbf21.