{"data":{"id":"us-ak/as-45.08.402","jurisdiction":"us-ak","citation":"AS 45.08.402","heading":"Assurance that endorsements and instructions are effective.","body":"(a) An issuer may require the following assurance that each necessary endorsement or each instruction is genuine and authorized:\n(1) in all cases, a guarantee of the signature of the person making an endorsement or originating an instruction including, in the case of an instruction, reasonable assurance of identity;\n(2) if the endorsement is made or the instruction is originated by an agent, appropriate assurance of actual authority to sign;\n(3) if the endorsement is made or the instruction is originated by a fiduciary under AS 45.08.107(e)(4) or (5), appropriate evidence of appointment or incumbency;\n(4) if there is more than one fiduciary, reasonable assurance that all who are required to sign have done so; and\n(5) if the endorsement is made or the instruction is originated by a person not covered by another provision of this subsection, assurance appropriate to the case corresponding as nearly as may be to the provisions of this subsection.\n(b) [Repealed, § 68 ch 17 SLA 1996.]\n(c) An issuer may elect to require reasonable assurance beyond that specified in this section.\n(d) In this section,\n(1) “appropriate evidence of appointment or incumbency” means\n(A) in the case of a fiduciary appointed or qualified by a court, a certificate issued by or under the direction or supervision of the court or an officer of the court and dated within 60 days before the date of presentation for transfer; or\n(B) in any other case, a copy of a document showing the appointment or a certificate issued by or on behalf of a person reasonably believed by the issuer to be responsible or, in the absence of that document or certificate, other evidence the issuer reasonably considers to be appropriate;\n(2) “guarantee of the signature” means a guarantee signed by or on behalf of a person reasonably believed by the issuer to be responsible; an issuer may adopt standards with respect to responsibility if the standards are not manifestly unreasonable.","path":["Title 45. Trade and Commerce.","Chapter 08. Investment Securities.","Article 4. Registration."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.08.402","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"6268c0b2d6ec4c9f01c6d0e57856a74a0f8ef99398f255969b85d84cede73c27","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.08.401","next":"us-ak/as-45.08.403"},"notice":"GroundRules: Original legal text. Not legal advice."}