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Hawaii Revised Statutes 490:8-205 - Effect of unauthorized signature on security certificate

Hawaii Revised Statutes > Division 2 > Title 27 > Chapter 490 > Article 8 > Part 2 > § 490:8-205 - Effect of unauthorized signature on security certificate


Current as of: 2010

  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

     (2)  An employee of the issuer, or of any of the persons listed in paragraph (1), entrusted with responsible handling of the security certificate.

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Hawaii Laws: Investment Securities (UCC Article 8)

Hawaii Revised Statutes Chapter 490 > Article 8 - Investment Securities
Hawaii Revised Statutes Chapter 490 > Article 8 > Part 1 - Short Title and General Matters
Hawaii Revised Statutes Chapter 490 > Article 8 > Part 2 - Issue and Issuer
Hawaii Revised Statutes Chapter 490 > Article 8 > Part 3 - Transfer of Certificated and Uncertificated Securities
Hawaii Revised Statutes Chapter 490 > Article 8 > Part 4 - Registration
Hawaii Revised Statutes Chapter 490 > Article 8 > Part 5 - Security Entitlements
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