Texas Business & Commerce Code
§ 8.306 — EFFECT OF GUARANTEEING SIGNATURE, INDORSEMENT, OR INSTRUCTION
BC § 8.306Title 1. UNIFORM COMMERCIAL CODE · Ch. 8. INVESTMENT SECURITIES · Art. C. TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
Statute text
View on source(a)A person who guarantees a signature of an indorser of a security certificate warrants that at the time of signing:
(1)the signature was genuine;
(2)the signer was an appropriate person to indorse or, if the signature is by an agent, the agent had actual authority to act on behalf of the appropriate person; and
(3)the signer had legal capacity to sign.
(b)A person who guarantees a signature of the originator of an instruction warrants that at the time of signing:
(1)the signature was genuine;
…
Legislative history
Amended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995.