RCW 62A.8-208
155 words·~1 min read·
/wa/title-62a/chapter-62a-8/62a-8-208·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A person signing a security certificate as authenticating trustee, registrar, transfer agent, or the like, warrants to a purchaser for value of the certificated security, if the purchaser is without notice of a particular defect, that:
(a)The certificate is genuine;
(b)The person's own participation in the issue of the security is within the person's capacity and within the scope of the authority received by the person from the issuer; and
(c)The person has reasonable grounds to believe that the certificated security is in the form and within the amount the issuer is authorized to issue.
(2)Unless otherwise agreed, a person signing under subsection
(1)of this section does not assume responsibility for the validity of the security in other respects.
[ 1995 c 48 s 24 ; 1986 c 35 s 15 ; 1965 ex.s. c 157 s 8-208.]
Notes:
Effective date — 1995 c 48: See RCW 62A.11-113 .