Vermont § 403 - § 3—403.

§ 403. § 3—403.

• Unauthorized signature (a) Unless otherwise provided in this article or Article 4 of this title, 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 article. (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 article which makes the unauthorized signature
  effective for the purposes of this article. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)