Home Table of Contents

§ 3201. Negotiation

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 3. Negotiable Instruments (Refs & Annos)
Chapter 32. Negotiation, Transfer and Indorsement
13 Pa.C.S.A. § 3201
§ 3201. Negotiation
Currentness
(a) Definition of “negotiation”.--“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.
(b) Manner of negotiation.--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.

Credits

1992, July 9, P.L. 507, No. 97, § 5, effective in one year.
13 Pa.C.S.A. § 3201, PA ST 13 Pa.C.S.A. § 3201
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document