{"data":{"id":"us-sd/sdcl-57a-8-208","jurisdiction":"us-sd","citation":"SDCL § 57A-8-208","heading":"Effect of signature of authenticating trustee, registrar, or transfer agent.","body":"(a) A person signing a security certificate as authenticating trustee, registrar, transfer agent, or the like, warrants to a purchaser for value of the certificated security, if the purchaser is without notice of a particular defect, that:\n(1) The certificate is genuine;\n(2) The person's own participation in the issue of the security is within the person's capacity and within the scope of the authority received by the person from the issuer; and\n(3) The person has reasonable grounds to believe that the certificated security is in the form and within the amount the issuer is authorized to issue.\n(b) Unless otherwise agreed, a person signing under subsection (a) does not assume responsibility for the validity of the security in other respects.\nSource: SL 1998, ch 284, § 1.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-8. INVESTMENT SECURITIES"],"source_url":"https://sdlegislature.gov/Statutes/57A-8-208","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"c542153bc810787c69eb78a4712256fb26ee5461a6305b55ded91463dcee3ff0","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-8-207","next":"us-sd/sdcl-57a-8-209"},"notice":"GroundRules: Original legal text. Not legal advice."}