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Searching 2019-2020 Session

The Vermont Statutes Online

The statutes were updated in November, 2018, and contain all actions of the
2018 legislative session.

Title 9A : Uniform Commercial Code

Article 008 : Investment Securities

(Cite as: 9A V.S.A. § 8-205)
  • § 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.)