California Commercial Code

§ 8208

COM § 8208 Effective Jan 1, 1997Div. 8 · Ch. 2

Statute text

(a)A person signing a security certificate as authenticating trustee, registrar, transfer agent, or the like, warrants all of the following to a purchaser for value of the certificated security, if the purchaser is without notice of a particular defect:

(1)The certificate is genuine.

(2)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.

…

Legislative history

Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.