§ 34.1-3-204 — Indorsement

Wyoming § 34.1-3-204

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

Text

(a) "Indorsement" means a signature, other than that of a
signer as maker, drawer, or acceptor, that alone or accompanied
by other words is made on an instrument for the purpose of (1)
negotiating the instrument, (2) restricting payment of the
instrument, or (3) incurring indorser's liability on the
instrument, but regardless of the intent of the signer, a
signature and its accompanying words is an indorsement unless
the accompanying words, terms of the instrument, place of the
signature, or other circumstances unambiguously indicate that
the signature was made for a purpose other than indorsement.
For the purpose of determining whether a signature is made on an
instrument, a paper affixed to the instrument is a part of the
instrument.
(b) "Indorser" means a person who makes an indorsement.
(c) For the purpose of determining whether the transferee
of an instrument is a holder, an indorsement that transfers a
security interest in the instrument is effective as an
unqualified indorsement of the instrument.
(d) If an instrument is payable to a holder under a name
that is not the name of the holder, indorsement may be made by
the holder in the name stated in the instrument or in the
holder's name or both, but signature in both names may be
required by a person paying or taking the instrument for value
or collection.