{"data":{"id":"us-nd/n.d.-cent.-code-41-08-14","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-08-14","heading":"(8-114) Evidentiary rules concerning certificated securities","body":"The following rules apply in an action on a certificated security against the issuer:\n1.Unless specifically denied in the pleadings, each signature on a security certificate or in a necessary endorsement is admitted.\n2.If 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.\n3.If 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.\n4.If 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.","path":["Title 41 Uniform Commercial Code","Chapter 41-08 Investment Securities"],"source_url":"https://ndlegis.gov/cencode/t41c08.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"fb7a2902a2c6b4f9c9342a747ecdbda366e681a39c7ff534182c7cc2be6cedd1","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-08-13","next":"us-nd/n.d.-cent.-code-41-08-15"},"notice":"GroundRules: Original legal text. Not legal advice."}