{"data":{"id":"us-gu/13-gca-8105","jurisdiction":"us-gu","citation":"13 GCA § 8105","heading":"Securities Negotiable; Burden of Proof.","body":"(1) Securities governed by this division are negotiable instruments.\n(2) In any action on a security\n(a) Unless specifically denied in the pleadings, each signature on the security or in a necessary indorsement is admitted;\n(b) When the effectiveness of a signature is put in issue the burden of establishing it is on the party claiming under the signature but the signature is presumed to be genuine or authorized;\n(c) When signatures are admitted or established production of the instrument entitles a holder to recover on it unless the defendant establishes a defense or a defect going to the validity of the security; and\n(d) After it is shown that a defense or defect exists the plaintiff has the burden of establishing that he or some person under whom he claims is a person against whom the defense or defect is ineffective (Section 8202).","path":["Title 13: Uniform Commercial Code","Division 8: Investment Securities","CHAPTER 1: SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://col.guamcourts.gov/sites/default/files/13gdv008.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:28:48Z","sha256":"32906f65a085aa664cf00c2b5625b2c1cdd2e7d41d76c1b22570758d62703589","source_id":"us-gu","stale":false,"prev":"us-gu/13-gca-8104","next":"us-gu/13-gca-8106"},"notice":"GroundRules: Original legal text. Not legal advice."}