§490:8-107 Whether indorsement, instruction, or entitlement order is effective. (a) "Appropriate person" means:
(b) An indorsement, instruction, or entitlement order is effective if:
(c) An indorsement, instruction, or entitlement order made by a representative is effective even if:
(d) If a security is registered in the name of or specially indorsed to a person described as a representative, or if a securities account is maintained in the name of a person described as a representative, an indorsement, instruction, or entitlement order made by the person is effective even though the person is no longer serving in the described capacity.
(e) Effectiveness of an indorsement, instruction, or entitlement order is determined as of the date the indorsement, instruction, or entitlement order is made, and an indorsement, instruction, or entitlement order does not become ineffective by reason of any later change of circumstances. [L 1997, c 33, pt of §2]