California Commercial Code

§ 8108

COM § 8108 Effective Jan 1, 1997Div. 8 · Ch. 1

Statute text

(a)A person who transfers a certificated security to a purchaser for value warrants to the purchaser, and an endorser, if the transfer is by endorsement, warrants to any subsequent purchaser, all of the following:

(1)The certificate is genuine and has not been materially altered.

(2)The transferor or endorser does not know of any fact that might impair the validity of the security.

…

Legislative history

Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.