673.1091 Payable to bearer or to order.—
(1) A promise or order is “payable to bearer” if it:
(a) States that it is payable to bearer or to the order of bearer or otherwise indicates that the person in possession of the promise or order is entitled to payment;
(b) Does not state a payee; or
(c) States that it is payable to or to the order of cash or otherwise indicates that it is not payable to an identified person.
(2) A promise or order that is not payable to bearer is “payable to order” if it is payable to the order of an identified person or to an identified person or order. A promise or order that is payable to order is payable to the identified person.
(3) An instrument payable to bearer may become payable to an identified person if it is specially indorsed pursuant to s. 673.2051(1). An instrument payable to an identified person may become payable to bearer if it is indorsed in blank pursuant to s. 673.2051(2).
History.—s. 2, ch. 92-82.
Section: Previous 673.1021 673.1031 673.1041 673.1051 673.1061 673.1071 673.1081 673.1091 673.1101 673.1111 673.1121 673.1131 673.1141 673.1151 673.1161 NextLast modified: September 23, 2016