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:
History. Code 1981, § 11-8-205 , enacted by Ga. L. 1998, p. 1323, § 1.
Structure Georgia Code
Article 8 - Investment Securities
§ 11-8-202. Issuer’s Responsibility and Defenses; Notice of Defect or Defense
§ 11-8-203. Staleness as Notice of Defect or Defense
§ 11-8-204. Effect of Issuer’s Restriction on Transfer
§ 11-8-205. Effect of Unauthorized Signature on Security Certificate
§ 11-8-206. Completion or Alteration of Security Certificate
§ 11-8-207. Rights and Duties of Issuer With Respect to Registered Owners
§ 11-8-208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent