U.C.C. § 3-204 — Indorsement

Editorial note. An indorsement transfers the instrument, restricts payment, or imposes indorser liability. If the indorsement identifies a person to whom it makes the instrument payable, it is a special indorsement; if not, it is a blank indorsement (see § 3-205).

Editorial note. Indorsement is the ordinary means of transferring an instrument payable to an identified person. Sections 3-204 through 3-207 supply the complete indorsement framework.

Editorial note. Indorsement disputes recur in mortgage-note enforcement litigation, where the presence, timing, and identity of indorsements affect the holder's standing under § 3-301.

Editorial note. See U.C.C. §§ 3-201 (negotiation); 3-205 (special, blank, and anomalous indorsements); 3-206 (restrictive indorsement); 3-207 (reacquisition); 3-301 (person entitled to enforce).