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

North Dakota Statutes

§ 41-03-20 — (3-201) Negotiation

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-03 Negotiable Instruments

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

North Dakota § 41-03-20 ((3-201) Negotiation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.