Section 408.208 - Effect of signature of authenticating trustee, registrar or transfer agent(1) A person signing a security certificate as authenticating trustee, registrar, transfer agent or the like, warrants to a purchaser for value of the certificated security, if the purchaser is without notice of a particular defect, that: (a) The certificate is genuine;(b) The person's own participation in the issue of the security is within the person's capacity and within the scope of the authority received by the person from the issuer; and(c) The person has reasonable grounds to believe that the certificated security is in the form and within the amount that the issuer is authorized to issue.(2) Unless otherwise agreed, a person signing under sub. (1) does not assume responsibility for the validity of the security in other respects.