84-8-208. Effect of signature of authenticating trustee, registrar or transfer agent. (a) 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:
(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; and
(3) 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.
(b) Unless otherwise agreed, a person signing under subsection (a) does not assume responsibility for the validity of the security in other respects.
History: L. 1996, ch. 202, ยง 51; July 1.
Structure Kansas Statutes
Chapter 84 - Uniform Commercial Code
Article 8 - Investment Securities
84-8-104 Acquisition of security or financial asset or interest therein.
84-8-105 Notice of adverse claim.
84-8-107 Whether indorsement, instruction or entitlement order is effective.
84-8-108 Warranties in direct holding.
84-8-109 Warranties in indirect holding.
84-8-110 Applicability; choice of law.
84-8-111 Clearing corporation rules.
84-8-112 Creditor's legal process.
84-8-113 Statute of frauds inapplicable.
84-8-114 Evidentiary rules concerning certificated securities.
84-8-115 Securities intermediary and others not liable to adverse claimant.
84-8-116 Securities intermediary as purchaser for value.
84-8-202 Issuer's responsibility and defenses; notice of defect or defense.
84-8-203 Staleness as notice of defect or defense.
84-8-204 Effect of issuer's restriction on transfer.
84-8-205 Effect of unauthorized signature on security certificate.
84-8-206 Completion or alteration of security certificate.
84-8-207 Rights and duties of issuer with respect to registered owners.
84-8-208 Effect of signature of authenticating trustee, registrar or transfer agent.
84-8-306 Effect of guaranteeing signature, indorsement or instruction.
84-8-307 Purchaser's right to requisites for registration of transfer.
84-8-401 Duty of issuer to register transfer.
84-8-402 Assurance that indorsement or instruction is effective.
84-8-403 Demand that issuer not register transfer.
84-8-404 Wrongful registration.
84-8-405 Replacement of lost, destroyed or wrongfully taken security certificate.
84-8-406 Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate.
84-8-407 Authenticating trustee, transfer agent and registrar.
84-8-501 Securities account; acquisition of security entitlement from securities intermediary.
84-8-502 Assertion of adverse claim against entitlement holder.
84-8-503 Property interest of entitlement holder in financial asset held by securities intermediary.
84-8-504 Duty of securities intermediary to maintain financial asset.
84-8-505 Duty of securities intermediary with respect to payments and distributions.
84-8-506 Duty of securities intermediary to exercise rights as directed by entitlement holder.
84-8-507 Duty of securities intermediary to comply with entitlement order.
84-8-510 Rights of purchaser of security entitlement from entitlement holder.
84-8-511 Priority among security interests and entitlement holders.