HB3336

HB3336 allows financial institutions participating in the signature guarantee program to validate medallion stamp signatures.

HB3336 amends Chapter 362 of the Revised Statutes of Missouri to allow eligible guarantor institutions participating in the signature guarantee program to validate medallion stamp signatures. The bill defines terms such as "eligible guarantor institution," "signature guarantee program," and "transfer verification guarantee." It specifies that a transfer verification guarantee constitutes a binding guarantee to the issuer, transfer agent, and any person acquiring the security.