Nevada § 104.8114 - Evidentiary rules concerning certificated securities

§ 104.8114. Evidentiary rules concerning certificated securities

The following rules apply in an action on a certificated security against an issuer: 1. Unless specifically denied in the pleadings, each signature on a security certificate

or in a necessary endorsement is admitted. 2. If the effectiveness of a signature is put in issue, the burden of establishing

effectiveness is on the party claiming under the signature, but the signature is presumed

to be genuine or authorized. 3. If signatures on a security certificate are admitted or established, production

of the certificate entitles a holder to recover on it unless the defendant establishes

a defense or a defect going to the validity of the security. 4. If it is shown that a defense or defect exists, the plaintiff has the burden of

establishing that he or she or some person under whom he or she claims is a person

against whom the defense or defect cannot be asserted.