§ 3403. Unauthorized signature.
(a) Ineffectiveness or ratification.--Unless otherwise provided in this division or Division 4 (relating to bank deposits and collections), an unauthorized signature is ineffective except as the signature of the unauthorized signer in favor of a person who in good faith pays the instrument or takes it for value. An unauthorized signature may be ratified for all purposes of this division.
(b) Signature of organization.--If the signature of more than one person is required to constitute the authorized signature of an organization, the signature of the organization is unauthorized if one of the required signatures is lacking.
(c) Liability.--The civil or criminal liability of a person who makes an unauthorized signature is not affected by any provision of this division which makes the unauthorized signature effective for the purposes of this division.
Cross References. Section 3403 is referred to in section 4104 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 34 - Liability of Parties
Section 3402 - Signature by representative
Section 3403 - Unauthorized signature
Section 3404 - Impostors; fictitious payees
Section 3405 - Employer's responsibility for fraudulent indorsement by employee
Section 3406 - Negligence contributing to forged signature or alteration of instrument
Section 3408 - Drawee not liable on unaccepted draft
Section 3409 - Acceptance of draft; certified check
Section 3410 - Acceptance varying draft
Section 3411 - Refusal to pay cashier's checks, teller's checks and certified checks
Section 3412 - Obligation of issuer of note or cashier's check
Section 3413 - Obligation of acceptor
Section 3414 - Obligation of drawer
Section 3415 - Obligation of indorser
Section 3416 - Transfer warranties
Section 3417 - Presentment warranties
Section 3418 - Payment or acceptance by mistake