ORS 78.2050
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 (Effect of unauthorized signature on security certificate); 1985 c.676 §78.2050 (Effect of unauthorized signature on security certificate); 1995 c.328 §21]

Source: Section 78.2050 — Effect of unauthorized signature on security certificate, https://www.­oregonlegislature.­gov/bills_laws/ors/ors078.­html.

78.1010
Short title
78.1020
Definitions and index of definitions
78.1030
Rules for determining whether certain obligations and interests are securities or financial assets
78.1040
Acquisition of security or financial asset or interest therein
78.1050
Notice of adverse claim
78.1060
Control
78.1070
Whether indorsement, instruction or entitlement order is effective
78.1080
Warranties in direct holding
78.1090
Warranties in indirect holding
78.1100
Applicability
78.1110
Clearing corporation rules
78.1120
Creditor’s legal process
78.1130
Statute of frauds inapplicable
78.1140
Evidentiary rules concerning certificated securities
78.1150
Securities intermediary and others not liable to adverse claimant
78.1160
Securities intermediary as purchaser for value
78.2010
“Issuer.”
78.2020
Terms of security
78.2030
Staleness as notice of defects or defenses
78.2040
Effect of issuer’s restriction on transfer
78.2050
Effect of unauthorized signature on security certificate
78.2060
Completion or alteration of security certificate
78.2070
Rights of issuer with respect to registered owners
78.2080
Effect of signature of authenticating trustee, registrar or transfer agent
78.2090
Issuer’s lien
78.2100
Overissue
78.3010
Delivery
78.3020
Rights of purchaser
78.3030
“Protected purchaser.”
78.3040
Indorsement
78.3050
Instruction
78.3060
Effect of guaranteeing signature, indorsement or instruction
78.3070
Purchaser’s rights to requisites for registration of transfer
78.4010
Duty of issuer to register transfer
78.4020
Assurance that indorsement or instruction is effective
78.4030
Demand that issuer not register transfer
78.4040
Wrongful registration
78.4050
Replacement of lost, destroyed or wrongfully taken security certificate
78.4060
Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate
78.4070
Authenticating trustee, transfer agent and registrar
78.5010
Securities account
78.5020
Assertion of adverse claim against entitlement holder
78.5030
Property interest of entitlement holder in financial asset held by securities intermediary
78.5040
Duty of securities intermediary to maintain financial asset
78.5050
Duty of securities intermediary with respect to payments and distributions
78.5060
Duty of securities intermediary to exercise rights as directed by entitlement holder
78.5070
Duty of securities intermediary to comply with entitlement order
78.5080
Duty of securities intermediary to change entitlement holder’s position to other form of security holding
78.5090
Specification of duties of securities intermediary by other statute or regulation
78.5100
Rights of purchaser of security entitlement from entitlement holder
78.5110
Priority among security interests and entitlement holders
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