Conn. Gen. Stat. § 42a-8-305
Instruction.
(b) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by section 42a-8-108 , and not an obligation that the security will be honored by the issuer.
See Sec. 42a-8-105(c) for successor provisions to Sec. 42a-8-305, revised to 1997, re “staleness” as notice of adverse claims.