§ 3-205. Special Indorsement; Blank Indorsement; Anomalous Indorsement
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 3-205
§ 3-205. Special Indorsement; Blank Indorsement; Anomalous Indorsement
(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 a person to whom it makes the instrument payable, it is a “special indorsement”. When specially indorsed, an instrument becomes payable to the identified person and may be negotiated only by the indorsement of that person. The principles stated in Section 3-110 of this title apply to special indorsements.
Credits
Laws 1991, c. 117, § 49, eff. Jan. 1, 1992.
12A Okl. St. Ann. § 3-205, OK ST T. 12A § 3-205
Current with emergency effective legislation through Chapter 347 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document |