United States — Louisiana Act or statute

United States — Louisiana legislation

RS 10:3-403

An unauthorized signature is generally ineffective, with limited exceptions, and it may be ratified.

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“An unauthorized signature is generally ineffective, with limited exceptions, and it may be ratified.”

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RS 10:3-403

An unauthorized signature is generally ineffective, with limited exceptions, and it may be ratified.

Section 10:3-403

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§ 10:3-403RS 10:3-403Provision

An unauthorized signature is generally ineffective, with limited exceptions, and it may be ratified.

§3-403. Unauthorized signature (a) Unless otherwise provided in this Chapter or Chapter 4, an unauthorized signature is ineffective except as the signature of the unauthorized signer in favor of a person who in good faith pays the instrument or takes it for value. An unauthorized signature may be ratified for all purposes of this Chapter. (b) If the signature of more than one person is required to constitute the authorized signature of an organization, the signature of the organization is unauthorized if one of the required signatures is lacking. (c) The civil or criminal liability of a person who makes an unauthorized signature is not affected by any provision of this Chapter which makes the unauthorized signature effective for the purposes of this Chapter. Acts 1992, No. 1133, §3, eff. July 1, 1993; Acts 1993, No. 948, §10, eff. Jan. 1, 1994.
Section 10:3-403Verify source

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