554.3403 Unauthorized signature. 1. Unless otherwise provided in this Article or Article 4, an unauthorized signature is ineffective except as the signature of the unauthorized signer in favor of a person who in goodfaith pays the instrument or takes it for value. An unauthorized signature may be ratified forall purposes of this Article. 2. 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 therequired signatures is lacking. 3. The civil or criminal liability of a person who makes an unauthorized signature is not affected by any provision of this Article which makes the unauthorized signature effective forthe purposes of this Article. 94 Acts, ch 1167, §50, 121, 122Referred to in §554.4104 Sat Dec 23 01:56:53 2023 Iowa Code 2024, Section 554.3403 (24, 0)
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