Kentucky Statutes 271B.18-010 – Validity of facsimile signature for corporation debt security
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On any bond, note, debenture or other debt security issued by a corporation, the signature of the officers of the corporation acting in connection with the issuance, and the seal of the corporation may be facsimiles if the instrument is authenticated or countersigned by a trustee or transfer agent, or registered by a registrar, other than the corporation itself or an employee of the corporation. In case any officer who has signed or whose facsimile signature has been placed upon a bond, note, debenture or other debt security shall have ceased to be such officer before such bond, note, debenture or other debt security is issued, it may be issued by the corporation with the same effect as if he were such officer at the date of its issue.
History: Created 1972 Ky. Acts ch. 274, sec. 138.
Formerly codified as KRS § 271A.685.
History: Created 1972 Ky. Acts ch. 274, sec. 138.
Terms Used In Kentucky Statutes 271B.18-010
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Employee: includes an officer but not a director. See Kentucky Statutes 271B.1-400
- signature: includes any manual, facsimile, or conformed or electronic signature. See Kentucky Statutes 271B.1-400
- Trustee: A person or institution holding and administering property in trust.
Formerly codified as KRS § 271A.685.