Maine Legislature Maine Revised Statutes
  • Session Law
  • Statutes
  • Maine State Constitution
  • Information
  • §8-1208 PDF
  • §8-1208 MS-Word
  • Statute Search
  • Art. 8-A Contents
  • Title 11 Contents
  • List of Titles
  • Maine Law & Disclaimer
  • Revisor's Office
  • Maine Legislature
§8-1207
Title 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES
Part 2: ISSUE AND ISSUER
§8-1209

§8-1208. 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;   [PL 1997, c. 429, Pt. B, §2 (NEW).]
(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   [PL 1997, c. 429, Pt. B, §2 (NEW).]
(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.   [PL 1997, c. 429, Pt. B, §2 (NEW).]
[PL 1997, c. 429, Pt. B, §2 (NEW).]
(2).  Unless otherwise agreed, a person signing under subsection (1) does not assume responsibility for the validity of the security in other respects.  
[PL 1997, c. 429, Pt. B, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 429, §B2 (NEW).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public.
If you need legal advice, please consult a qualified attorney.
Office of the Revisor of Statutes · 7 State House Station · State House Room 108 · Augusta, Maine 04333-0007
Data for this page extracted on 1/07/2025 11:10:17.
Maine Government
Legislature • Executive • Judicial • Agency Rules
Visit the State House
Tour Guide • Accessibility • Security Screening • Directions & Parking
Email
Office of the Revisor of Statutes