Section 10:8-208 - 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 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) does not assume responsibility for the validity of the security in other respects.Added by Acts 1978, No. 165, §1, eff. 1/1/1979. Acts 1989, No. 135, §6, eff. 1/1/1990; Acts 1995, No. 884, §1, eff. 1/1/1996.