Oregon Code § 78.2050·Enacted ·Last updated March 01, 2026
Statute Text
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) of this
section, entrusted with responsible handling of the security certificate. [1961
c.726 §78.2050; 1985 c.676 §78.2050; 1995 c.328 §21]
Plain English Explanation
This Oregon statute addresses Effect
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 78.2050
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Effect
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