§490:3-403  Unauthorized signature. 
(a)  Unless otherwise provided in this article or article 4, 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 article.



(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 article which makes the unauthorized signature effective for the purposes
of this article. [L 1991, c 118, pt of §1]