New York Uniform Commercial Code Law Part 2 - TRANSFER AND NEGOTIATION

• 3-201 - Transfer: Right to Indorsement.
  Section 3--201. Transfer: Right to Indorsement. (1) Transfer of an instrument vests in the transferee such rights as the transferor has therein, except that a...
• 3-202 - Negotiation.
  Section 3--202. Negotiation. (1) Negotiation is the transfer of an instrument in such form that the transferee becomes a holder. If the instrument is payable...
• 3-203 - Wrong or Misspelled Name.
  Section 3--203. Wrong or Misspelled Name. Where an instrument is made payable to a person under a misspelled name or one other than his own...
• 3-204 - Special Indorsement; Blank Indorsement.
  Section 3--204. Special Indorsement; Blank Indorsement. (1) A special indorsement specifies the person to whom or to whose order it makes the instrument payable. Any...
• 3-205 - Restrictive Indorsements.
  Section 3--205. Restrictive Indorsements. An indorsement is restrictive which either (a) is conditional; or (b) purports to prohibit further transfer of the instrument; or (c)...
• 3-206 - Effect of Restrictive Indorsement.
  Section 3--206. Effect of Restrictive Indorsement. (1) No restrictive indorsement prevents further transfer or negotiation of the instrument. (2) An intermediary bank, or a payor...
• 3-207 - Negotiation Effective Although It May Be Rescinded.
  Section 3--207. Negotiation Effective Although It May Be Rescinded. (1) Negotiation is effective to transfer the instrument although the negotiation is (a) made by an...
• 3-208 - Reacquisition.
  Section 3--208. Reacquisition. Where an instrument is returned to or reacquired by a prior party he may cancel any indorsement which is not necessary to...

Last modified: February 3, 2019