California Commercial Code CHAPTER 2 - Negotiation, Transfer, and Indorsement

• Section 3201.
  (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...
• Section 3202.
  (a) Negotiation is effective even if obtained (1) from an infant, a corporation exceeding its powers, or a person without capacity, (2) by fraud, duress, or...
• Section 3203.
  (a) An instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery...
• Section 3204.
  (a) “Indorsement” means a signature, other than that of a signer as maker, drawer, or acceptor, that alone or accompanied by other words is made on...
• Section 3205.
  (a) If an indorsement is made by the holder of an instrument, whether payable to an identified person or payable to bearer, and the indorsement identifies...
• Section 3206.
  (a) An indorsement limiting payment to a particular person or otherwise prohibiting further transfer or negotiation of the instrument is not effective to prevent further transfer...
• Section 3207.
  Reacquisition of an instrument occurs if it is transferred to a former holder, by negotiation or otherwise. A former holder who reacquires the instrument may...

Last modified: October 22, 2018