Washington Code 62A.8-208 – Effect of signature of authenticating trustee, registrar, or transfer agent
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(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:
Terms Used In Washington Code 62A.8-208
- person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
- Trustee: A person or institution holding and administering property in trust.
(a) The certificate is genuine;
(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
(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.
(2) Unless otherwise agreed, a person signing under subsection (1) of this section does not assume responsibility for the validity of the security in other respects.
[ 1995 c 48 § 24; 1986 c 35 § 15; 1965 ex.s. c 157 § 8-208.]
NOTES:
Effective date—1995 c 48: See RCW 62A.11-113.