§ 2-303. Use of facsimile signature

   (a) Authorized officers. -- Any authorized officer, after filing with the Secretary of State the manual signature of the authorized officer certified under oath, may execute or cause to be executed with a facsimile signature instead of a manual signature:

   (1) any public security, if the signature of at least 1 authorized officer required or permitted to be placed on the public security is manually subscribed; and

   (2) any instrument of payment.

(b) Individuals other than authorized officers. -- If a public security is required to be manually signed by a trustee, issuing agent, fiscal agent, registrar, or other agent or custodian, any other signature required or permitted to be placed on the public security may be a facsimile signature.

(c) Legal effect. -- Upon compliance with this subtitle by the authorized officer, the facsimile signature of the authorized officer has the same legal effect as the manual signature of the authorized officer.

HISTORY: An. Code 1957, art. 31, § 14; 1985, ch. 11, § 2.