The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
47-8208 - Effect of signature of authenticating trustee, registrar or transfer agent
47-8208. 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.