47-3403

47-3403. Unauthorized signature

A. Unless otherwise provided in this chapter or chapter 4 of this title, an
unauthorized signature is ineffective except as the signature of the unauthorized signer
in favor of a person who in good faith pays the instrument or takes it for value. An
unauthorized signature may be ratified for all purposes of this chapter.

B. If the signature of more than one person is required to constitute the
authorized signature of an organization, the signature of the organization is
unauthorized if one of the required signatures is lacking.

C. The civil or criminal liability of a person who makes an unauthorized signature
is not affected by any provision of this chapter which makes the unauthorized signature
effective for the purposes of this chapter.