Iowa § 554.3109 Payable to bearer or to order

Iowa Statutes

§ 554.3109 — Payable to bearer or to order

Iowa § 554.3109

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.3109 (Payable to bearer or to order) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554.3109 (2026).

Text

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 endorsed pursuant to section 554.3205, subsection 1. An instrument payable to an ident

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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 endorsed pursuant to section 554.3205, subsection 1. An instrument payable to an
identified person may become payable to bearer if it is endorsed in blank pursuant to section
554.3205, subsection 2.