Article 147. Execution of a security.

1. The person who issued the security and all those who endorsed it shall be liable jointly and severally to its rightful owner. In case of satisfaction of the requirement of the legal owner of the security about the fulfillment of the certified obligation by one or more persons from among those who have pledged before him for the security, they acquire the right of return claim (recourse) to other persons who have pledged under the security. 2. Refusal to fulfill an obligation certified by a security with reference to the absence of a basis for an obligation or its invalidity is not allowed. The owner of a security who has discovered a forgery or forgery of a security is entitled to file with the person who transferred the security the requirement of proper performance of the obligation certified by the security and of compensation for losses.

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References to other articles of chapter 7. Securities:
Article 142. Valuable paper.
Article 143. Types of securities.
Article 144. Requirements for a security.
Article 145. Subjects of rights certified by a security.
Article 146. Transfer of rights in a security.
Article 148. Recovery of a security.
Article 149. Non-documentary securities.