§ 34.1-3-109 — Payable to bearer or to order

Wyoming § 34.1-3-109

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 3: NEGOTIABLE INSTRUMENTS

Text

(a) A promise or order is payable to bearer if it:
(i) 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;
(ii) Does not state a payee; or
(iii) States that it is payable to or to the order of
cash or otherwise indicates that it is not payable to an
identified person.
(b) A promise or order that is not payable to bearer is
payable to order if it is payable (1) to the order of an
identified person or (2) to an identified person or order. A
promise or order that is payable to order is payable to the
identified person.
(c) An instrument payable to bearer may become payable to
an identified person if it is specially indorsed pursuant to
section 34.1-3-205(a). An instrument payable to an identified
person may become payable to bearer if it is indorsed in blank
pursuant to section 34.1-3-205(b).