554.8205 Effect of unauthorized signature on security certificate. An unauthorized signature placed on a security certificate before or in the course of issue is ineffective, but the signature is effective in favor of a purchaser for value of the certificatedsecurity if the purchaser is without notice of the lack of authority and the signing has beendone by: 1. an authenticating trustee, registrar, transfer agent, or other person entrusted by the issuer with the signing of the security certificate or of similar security certificates, or theimmediate preparation for signing of any of them; or 2. an employee of the issuer, or of any of the persons listed in subsection 1, entrusted with responsible handling of the security certificate. [S13, §3060-a23; C24, 27, 31, 35, 39, §9483; C46, 50, 54, 58, 62, §541.23; C66, 71, 73, 75, 77, 79, 81, §554.8205] 89 Acts, ch 113, §12; 96 Acts, ch 1138, §28, 84; 97 Acts, ch 23, §71Referred to in §554.8202 Sat Dec 23 01:58:17 2023 Iowa Code 2024, Section 554.8205 (24, 0)
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