§ 6A-8-208 - Effect of signature of authenticating trustee, registrar, or transfer agent. - Rhode-island Statutes

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SECTION 6A-8-208

§ 6A-8-208 Effect of signature ofauthenticating trustee, registrar, or transfer agent. – (a) A person signing a security certificate as authenticating trustee,registrar, transfer agent, or the like, warrants to a purchaser for value ofthe certificated security, if the purchaser is without notice of a particulardefect, that:

(1) the certificate is genuine;

(2) the person's own participation in the issue of thesecurity is within the person's capacity and within the scope of the authorityreceived by the person from the issuer; and

(3) the person has reasonable grounds to believe that thecertificated security is in the form and within the amount the issuer isauthorized to issue.

(b) Unless otherwise agreed, a person signing undersubsection (a) does not assume responsibility for the validity of the securityin other respects.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-208

SECTION 6A-8-208

§ 6A-8-208 Effect of signature ofauthenticating trustee, registrar, or transfer agent. – (a) A person signing a security certificate as authenticating trustee,registrar, transfer agent, or the like, warrants to a purchaser for value ofthe certificated security, if the purchaser is without notice of a particulardefect, that:

(1) the certificate is genuine;

(2) the person's own participation in the issue of thesecurity is within the person's capacity and within the scope of the authorityreceived by the person from the issuer; and

(3) the person has reasonable grounds to believe that thecertificated security is in the form and within the amount the issuer isauthorized to issue.

(b) Unless otherwise agreed, a person signing undersubsection (a) does not assume responsibility for the validity of the securityin other respects.

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State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-208

SECTION 6A-8-208

§ 6A-8-208 Effect of signature ofauthenticating trustee, registrar, or transfer agent. – (a) A person signing a security certificate as authenticating trustee,registrar, transfer agent, or the like, warrants to a purchaser for value ofthe certificated security, if the purchaser is without notice of a particulardefect, that:

(1) the certificate is genuine;

(2) the person's own participation in the issue of thesecurity is within the person's capacity and within the scope of the authorityreceived by the person from the issuer; and

(3) the person has reasonable grounds to believe that thecertificated security is in the form and within the amount the issuer isauthorized to issue.

(b) Unless otherwise agreed, a person signing undersubsection (a) does not assume responsibility for the validity of the securityin other respects.