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U.C.C. § 3-205 — Special Indorsement; Blank Indorsement; Anomalous Indorsement

Editorial summary. Section 3-205 classifies indorsements. A special indorsement identifies a person to whom the instrument is made payable and is negotiated only by that person's further indorsement and transfer of possession. A blank indorsement does not identify an indorsee; the instrument becomes payable to bearer. An anomalous indorsement is made by a person who is not the holder of the instrument.

Citation: U.C.C. § 3-205 (Am. L. Inst. & Unif. L. Comm'n 1990)Jurisdiction: United StatesEffective: 1990-08-01

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Text

Governing Rule

Codified text.

Editorial note. A blank indorsement converts an instrument into a bearer instrument (§ 3-205(b)); a special indorsement preserves the requirement of further indorsement by the identified transferee (§ 3-205(a)).

Judicial Interpretation

Codified text.

Editorial note. Blank indorsements are ubiquitous in mortgage-note litigation. A note bearing a blank indorsement is bearer paper enforceable by any person in possession under § 3-301.

Cross References

Codified text.

Editorial note. See U.C.C. §§ 3-201; 3-204; 3-206; 3-301.

Revision history

  • 1990-08-01 — Promulgated with Revised Article 3.

Related Publications

Editorial articles from Real Law Society Press that discuss this authority.

Canonical source: https://www.law.cornell.edu/ucc/3/3-205

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U.C.C. § 3-206 — Restrictive Indorsement

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