Ownership chaining is quite handy as it makes it easier to not grant explicit permissions on base objects (i.e. Tables, etc) to everyone. Instead, you just grant EXECUTE / SELECTpermissions to Stored Procedures, Views, etc.
However, one situation where ownership chaining does not work is when using Dynamic SQL. And, any SQL submitted by a SQLCLR object is, by its very nature, Dynamic SQL. Hence, any SQLCLR objects that a) do any data access, even just SELECT statements, and b) will be executed by a User that is neither the owner of the objects being accessed nor one that has been granted permissions to the sub-objects, needs to consider module signing in order to maintain good and proper security practices. BUT, the catch here is that in order to sign any Assembly’s T-SQL wrapper objects, that Assembly needs to have been signed with a Strong Name Key or Certificate prior to being loaded into SQL Server. Neither “Trusted Assemblies” nor even signing the Assembly with a Certificate within SQL Server suffices for this purpose, as we will see below.
Read on for more details.