(8-205) Effect of unauthorized signature on security certificate
N.D. Cent. Code § 41-08-21
in effect41-08-21. (8-205) 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 certificated
security if the purchaser is without notice of the lack of authority and the signing has been done
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 the
immediate 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c08.pdf#nameddest=41-08-21Fetched: 10/16/2026