New Jersey Statutes
§ 12A:3-201 — Negotiation
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
a."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.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. L.1995,c.28,s.1.
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Nearby Sections
15
§ 12A:3-101
Short title§ 12A:3-102
Subject matter§ 12A:3-103
Definitions§ 12A:3-104
Negotiable instrument§ 12A:3-105
Issue of instrument§ 12A:3-106
Unconditional promise or order§ 12A:3-107
Instrument payable in foreign money§ 12A:3-108
Payable on demand or at definite time§ 12A:3-109
Payable to bearer or to order§ 12A:3-111
Place of payment.§ 12A:3-113
Date of instrument§ 12A:3-114
Contradictory terms of instrument§ 12A:3-115
Incomplete instrument§ 12A:3-116
Joint and several liability; contribution