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Code · Wisconsin · Chapter 408 — Uniform commercial code — investment securities

408.208 Effect of signature of authenticating trustee, registrar or transfer agent.

84 words·~1 min read·/wi/chapter-408/408-208-2

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408.208 Effect of signature of authenticating trustee, registrar or transfer agent.
(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
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