673.2011 Negotiation.—
(1) The term “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.
(2) 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.
History.—s. 2, ch. 92-82.
Section: 673.2011 673.2021 673.2031 673.2041 673.2051 673.2061 673.2071 NextLast modified: September 23, 2016