Section 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.Tex. Bus. and Comm. Code § 8.208
Amended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. 9/1/1995.