§490:3-201 Negotiation. (a) "Negotiation" means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder.
(b) Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its indorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone. [L 1991, c 118, pt of §1]
Section: Previous 490-3-113 490-3-114 490-3-115 490-3-116 490-3-117 490-3-118 490-3-119 490-3-201 490-3-202 490-3-203 490-3-204 490-3-205 490-3-206 490-3-207 490-3-301 NextLast modified: October 27, 2016