North Dakota § 41-03-20 (3-201) Negotiation

North Dakota Statutes

§ 41-03-20 — (3-201) Negotiation

North Dakota § 41-03-20

Title 41Uniform Commercial Code

Ch. 41-03Negotiable Instruments

This text of North Dakota § 41-03-20 ((3-201) Negotiation) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-03-20 (2026).

Text

1."Negotiation" means a transfer of possession, whether voluntary or involuntary, of an instrument to a person who thereby becomes its holder, if possession is obtained from a person other than the issuer of the instrument.

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 endorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.

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1. "Negotiation" means a transfer of possession, whether voluntary or involuntary, of an
instrument to a person who thereby becomes its holder, if possession is obtained from
a person other than the issuer of the instrument.
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 endorsement by
the holder. If an instrument is payable to bearer, it may be negotiated by transfer of
possession alone.