{"data":{"id":"us-dc/d.c.-code-28-8-402","jurisdiction":"us-dc","citation":"D.C. Code § 28:8-402","heading":"Assurance that indorsement or instruction is effective.","body":"(a)\nAn issuer may require the following assurance that each necessary indorsement or each instruction is genuine and authorized:\n(1)\nIn all cases, a guaranty of the signature of the person making an indorsement or originating an instruction including, in the case of an instruction, reasonable assurance of identity;\n(2)\nIf the indorsement is made or the instruction is originated by an agent, appropriate assurance of actual authority to sign;\n(3)\nIf the indorsement is made or the instruction is originated by a fiduciary pursuant to § 28:8-107(a)(4) or (a)(5), appropriate evidence of appointment or incumbency;\n(4)\nIf there is more than one fiduciary, reasonable assurance that all who are required to sign have done so; and\n(5)\nIf the indorsement 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\n(b)\nAn issuer may elect to require reasonable assurance beyond that specified in this section.\n\n(c)\nFor the purposes of this section, the term:\n(1)\n“Guaranty of the signature” means a guaranty 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 they are not manifestly unreasonable.\n(2)\n“Appropriate evidence of appointment or incumbency” means:\n(A)\nIn 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 thereof and dated within 60 days before the date of presentation for transfer; or\n(B)\nIn 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 an issuer to be responsible or, in the absence of that document or certificate, other evidence the issuer reasonably considers appropriate.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 8. Investment Securities.","Part IV. Registration."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:8-402","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"0a20d3645c22a20d5ffaf44dcf48166aaa830eab350d24eef1b0805583208c58","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-8-401","next":"us-dc/d.c.-code-28-8-403"},"notice":"GroundRules: Original legal text. Not legal advice."}