The Chains
Negotiable Instrument
“Indorsements”
Security Instrument
“Assignments”
Public Records
Copyright 2010 j.mcguire
Contacts
Allen Carlton uf1@netzero.net
Jeff Wilner jeffwilner@myway.com
Copyright 2010 j.mcguire P O Box 1352, Bedford, Texas 76095-1352
Public
Records
Recordation
Special Indorsement
Public
Records
Recordation
Negotiation 1
Special Indorsement
Public
Records
Recordation
Negotiation 2
Special Indorsement
Public
Records
Recordation
Negotiation 3
A
B
C
D
A
A-B
B-C
C-D
Copyright 2010 j.mcguire P O Box 1352, Bedford, Texas 76095-1352
Public
Records
Recordation
Blank Indorsement
Negotiation 1
Blank Indorsement
Negotiation 2
Blank Indorsement
Public
Records
Recordation
Negotiation 3
A
B
C
D
A
A to D
Copyright 2010 j.mcguire P O Box 1352, Bedford, Texas 76095-1352
U.C.C. - ARTICLE 3 - NEGOTIABLE INSTRUMENTS
PART 2. NEGOTIATION, TRANSFER, AND INDORSEMENT
§ 3-205. SPECIAL INDORSEMENT; BLANK INDORSEMENT; ANOMALOUS
INDORSEMENT
(a) If an indorsement is made by the holder of an instrument, whether payable to an identified person or
payable to bearer and the indorsement identifies a person to whom it makes the instrument payable, it is a
"special indorsement." When specially indorsed, an instrument becomes payable to the identified person
and may be negotiated only by the indorsement of that person. The principles stated in Section 3-110
apply to special indorsements.
(b) If an indorsement is made by the holder of an instrument and it is not a special indorsement, it is a
"blank indorsement." When indorsed in blank, an instrument becomes payable to bearer and may be
negotiated by transfer of possession alone until specially indorsed.
(c) The holder may convert a blank indorsement that consists only of a signature into a special
indorsement by writing, above the signature of the indorser, words identifying the person to whom the
instrument is made payable.
(d) "Anomalous indorsement" means an indorsement made by a person who is not the holder of the
instrument. An a