§490:8-205  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 paragraph (1), entrusted with responsible handling of the
security certificate. [L 1997, c 33, pt of §2]