Ohio § 1308.38

§ 1308.38.

(A) An issuer may require the following assurance that each necessary indorsement or

each instruction is genuine and authorized: (1) In all cases, a guaranty of the signature of the person making an indorsement or

originating an instruction including, in the case of an instruction, reasonable assurance

of identity; (2) If the indorsement is made or the instruction is originated by an agent, appropriate

assurance of actual authority to sign; (3) If the indorsement is made or the instruction is originated by a fiduciary pursuant

to division (A)(4) or (5) of section 1308.23 of the Revised Code, appropriate evidence

of appointment, or incumbency; (4) If there is more than one fiduciary, reasonable assurance that all who are required

to sign have done so;  and (5) If the indorsement is made or the instruction is originated by a person not covered

by another provision of division (A) of this section, assurance appropriate to the

case corresponding as nearly as may be to such provisions. (B) An issuer may elect to require reasonable assurance beyond that specified in this

section. (C) In this section: (1) “ Guaranty of the signature ” means a guaranty signed by or on behalf of a person reasonably believed by the issuer

to be responsible.  The issuer may adopt standards with respect to responsibility if they are not manifestly

unreasonable. (2) “ Appropriate evidence of appointment or incumbency ” means: (a) In the case of a fiduciary appointed or qualified by a court, a certificate issued

by or under the direction or supervision of that court or an officer thereof and dated

within sixty days before the date of presentation for transfer;  or (b) In any other case, a copy of a document showing the appointment or a certificate

issued by or on behalf of a person reasonably believed by the issuer to be responsible

or, in the absence of that document or certificate, other evidence the issuer reasonably

considered appropriate.