KRS 355.8-208: Effect of signature of authenticating trustee, registrar, or transfer agent.

(1) 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:

(a) The certificate is genuine;

(b) 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

(c) 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.

(2) Unless otherwise agreed, a person signing under subsection (1) of this section does

not assume responsibility for the validity of the security in other respects.