- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 8. Investment Securities
- Section 208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent.
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. Rights and Duties of Issuer With Respect to Registered Owners and Registered Pledgees.
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. Issuer's Lien.
AS 45.08.208. 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 the 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 (a) of this section does not assume responsibility for the validity of
the security in other respects.
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