KRS 355.3-403: Unauthorized signature.

(1) Unless otherwise provided in this article or Article 4 of this chapter, an

unauthorized signature is ineffective except as the signature of the unauthorized

signer in favor of a person who in good faith pays the instrument or takes it for

value. An unauthorized signature may be ratified for all purposes of this article.

(2) If the signature of more than one (1) person is required to constitute the authorized

signature of an organization, the signature of the organization is unauthorized if one

of the required signatures is lacking.

(3) The civil or criminal liability of a person who makes an unauthorized signature is

not affected by any provision of this article which makes the unauthorized signature

effective for the purposes of this article.