Okla. Stat. tit. 12A, § 12A-8-205
This is the official text of Okla. Stat. tit. 12A, § 12A-8-205, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Effect of Unauthorized Signature on Security
Official statutory text
Certificate.
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
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 438
(2) an employee of the issuer, or of any of the persons
listed in paragraph (1) of this subsection, entrusted
with responsible handling of the security certificate.
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
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 438
(2) an employee of the issuer, or of any of the persons
listed in paragraph (1) of this subsection, entrusted
with responsible handling of the security certificate.
Status: in_force · Read it on the official government site
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