New York § 4-205 Supplying Missing Indorsement; No Notice From Prior Indorsement

New York Statutes

§ 4-205 — Supplying Missing Indorsement; No Notice From Prior Indorsement

New York § 4-205

Law UCCUniform Commercial Code

Part 2Collection of Items: Depositary and Collecting Banks

Art. 4Bank Deposits and Collections

This text of New York § 4-205 (Supplying Missing Indorsement; No Notice From Prior Indorsement) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 4-205 (2026).

Text

Section 4--205. Supplying Missing Indorsement; No Notice From Prior\n                  Indorsement.\n  (1) A depositary bank which has taken an item for collection may\nsupply any indorsement of the customer which is necessary to title\nunless the item contains the words "payee's indorsement required" or the\nlike. In the absence of such a requirement a statement placed on the\nitem by the depositary bank to the effect that the item was deposited by\na customer or credited to his account is effective as the customer's\nindorsement.\n  (2) An intermediary bank, or payor bank which is not a depositary\nbank, is neither given notice nor otherwise affected by a restrictive\nindorsement of any person except the bank's immediate transferor.\n

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Section 4--205. Supplying Missing Indorsement; No Notice From Prior\n Indorsement.\n (1) A depositary bank which has taken an item for collection may\nsupply any indorsement of the customer which is necessary to title\nunless the item contains the words "payee's indorsement required" or the\nlike. In the absence of such a requirement a statement placed on the\nitem by the depositary bank to the effect that the item was deposited by\na customer or credited to his account is effective as the customer's\nindorsement.\n (2) An intermediary bank, or payor bank which is not a depositary\nbank, is neither given notice nor otherwise affected by a restrictive\nindorsement of any person except the bank's immediate transferor.\n