§ 8402. Assurance that indorsement or instruction is effective
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code
13 Pa.C.S.A. § 8402
§ 8402. Assurance that indorsement or instruction is effective
“Appropriate evidence of appointment or incumbency.”
“Guaranty of the signature.” A guaranty signed by or on behalf of a person reasonably believed by the issuer to be responsible. An issuer may adopt standards with respect to responsibility if they are not manifestly unreasonable.
Credits
1996, May 22, P.L. 248, No. 44, § 8, effective in 180 days.
13 Pa.C.S.A. § 8402, PA ST 13 Pa.C.S.A. § 8402
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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