{"data":{"id":"us-nc/n.c.-gen.-stat.-25-8-114","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-8-114","heading":"Evidentiary rules concerning certificated securities.","body":"The following rules apply in an action on a certificated security against the issuer:\n(1)\tUnless specifically denied in the pleadings, each signature on a security certificate or in a necessary indorsement is admitted.\n(2)\tIf the effectiveness of a signature is put in issue, the burden of establishing effectiveness is on the party claiming under the signature, but the signature is presumed to be genuine or authorized.\n(3)\tIf signatures on a security certificate are admitted or established, production of the certificate entitles a holder to recover on it unless the defendant establishes a defense or a defect going to the validity of the security.\n(4)\tIf it is shown that a defense or defect exists, the plaintiff has the burden of establishing that the plaintiff or some person under whom the plaintiff claims is a person against whom the defense or defect cannot be asserted. (1997-181, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 8. Investment Securities.","Part 1. Short Title and General Matters."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-8-114.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"ef83ec38fc84e9e0ebc67c9fa4cd6eea497d2a59722600dd271be77dbe343bc1","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-8-113","next":"us-nc/n.c.-gen.-stat.-25-8-115"},"notice":"GroundRules: Original legal text. Not legal advice."}