{"data":{"id":"us-ky/krs-355.8-402","jurisdiction":"us-ky","citation":"KRS 355.8-402","heading":"Assurance that indorsement or instruction is effective.","body":"(1) An issuer may require the following assurance that each necessary indorsement or\neach instruction is genuine and authorized:\n(a) In all cases, a guaranty of the signature of the person making an indorsement\nor originating an instruction including, in the c ase of an instruction,\nreasonable assurance of identity;\n(b) If the indorsement is made or the instruction is originated by an agent,\nappropriate assurance of actual authority to sign;\n(c) If the indorsement is made or the instruction is originated by a fi duciary\npursuant to KRS 355.8 -107(1)(d) or (1)(e), appropriate evidence of\nappointment or incumbency;\n(d) If there is more than one fiduciary, reasonable assurance that all who are\nrequired to sign have done so; and\n(e) If the indorsement is made or the in struction is originated by a person not\ncovered by another provision of this subsection, assurance appropriate to the\ncase corresponding as nearly as may be to the provisions of this subsection.\n(2) An issuer may elect to require reasonable assurance beyon d that specified in this\nsection.\n(3) In this section:\n(a) \"Guaranty of the signature\" means a guaranty signed by or on behalf of a\nperson reasonably believed by the issuer to be responsible. An issuer may\nadopt standards with respect to responsibility if they are not manifestly\nunreasonable.\n(b) \"Appropriate evidence of appointment or incumbency\" means:\n1. In the case of a fiduciary appointed or qualified by a court, a certificate\nissued by or under the direction or supervision of the court or an officer\nthereof and dated within sixty (60) days before the date of presentation\nfor transfer; or\n2. In any other case, a copy of a document showing the appointment or a\ncertificate issued by or on behalf of a person reasonably believed by an\nissuer to be responsible or, in the absence of that document or certificate,\nother evidence the issuer reasonably considers appropriate.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33710","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:47Z","sha256":"d7af719e867f6ba8ccfc9a32a9b24a4eb7189ad94865b9d62e787645d2f2a3d4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.8-401","next":"us-ky/krs-355.8-403"},"notice":"GroundRules: Original legal text. Not legal advice."}