Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent. (a) 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:(1)the certificate is genuine;(2)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(3)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.(b) Unless otherwise agreed, a person signing under subsection (a) of this section does not assume responsibility for the validity of the security in other respects.Added by Laws 1961, p. 154, § 8-208. Amended by Laws 1984, c. 76, § 17, eff. Nov. 1, 1984; Laws 1995, c. 242, § 24, eff. Feb. 1, 1996.
Oklahoma Legal Code