{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-8-114","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 8-114","heading":"Evidentiary Rules Concerning Certificated Securities","body":"Section 8--114. Evidentiary Rules Concerning Certificated Securities.\n  The following rules apply in an action on a certificated security\nagainst the issuer:\n  (1) Unless specifically denied in the pleadings, each signature on a\nsecurity certificate or in a necessary indorsement is admitted.\n  (2) If the effectiveness of a signature is put in issue, the burden of\nestablishing effectiveness is on the party claiming under the signature,\nbut the signature is presumed to be genuine or authorized.\n  (3) If signatures on a security certificate are admitted or\nestablished, production of the certificate entitles a holder to recover\non it unless the defendant establishes a defense or a defect going to\nthe validity of the security.\n  (4) If it is shown that a defense or defect exists, the plaintiff has\nthe burden of establishing that the plaintiff or some person under whom\nthe plaintiff claims is a person against whom the defense or defect\ncannot be asserted.","path":["Uniform Commercial Code Law","Article 8. Investment Securities","Part 1. Short Title and General Matters"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/8-114","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"9daf74da30708b2bca2af2f980fed0ee7542d2a75f709682dbcaa63709345f7a","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-8-113","next":"us-ny/n.y.-uniform-commercial-code-law-8-115"},"notice":"GroundRules: Original legal text. Not legal advice."}