The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 8-205)
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§ 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 subdivision (1) of this
section, entrusted with responsible handling of the security certificate. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)