{"data":{"id":"us-gu/13-gca-8311","jurisdiction":"us-gu","citation":"13 GCA § 8311","heading":"Effect of Unauthorized Endorsement.","body":"Unless owner has ratified an unauthorized indorsement or is otherwise precluded from asserting its ineffectiveness\n(a) He may assert its ineffectiveness against the issuer or any purchaser other than a purchaser for value and without notice of adverse claims who has in good faith received a new, reissued or reregistered security on registration of transfer; and\n(b) An issuer who registers the transfer of a security upon the unauthorized indorsement is subject to liability for improper registration (Section 8404).","path":["Title 13: Uniform Commercial Code","Division 8: Investment Securities","CHAPTER 3: PURCHASE"],"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":"c52c7ec4bff215cc09e3231a58986809daf1eef060a14dfcaf7218b5c4943313","source_id":"us-gu","stale":false,"prev":"us-gu/13-gca-8310","next":"us-gu/13-gca-8312"},"notice":"GroundRules: Original legal text. Not legal advice."}