Negotiation of a negotiable instrument requires endorsement by the holder or by all joint parties where negotiability is unrestricted. Any sole maker, drawer, payee or indorsee, or all of several joint makers, drawers, payees or indorsees, may indorse and negotiate a negotiable instrument provided its negotiability has not been restricted or excluded; however, a maker or drawer may indorse only if in lawful possession or holder, and a payee or indorsee may indorse only if holder.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Negotiation of a negotiable instrument requires endorsement by the holder or by all joint parties where negotiability is unrestricted.
Any sole maker, drawer, payee or indorsee, or all of several joint makers, drawers, payees or indorsees, may indorse and negotiate a negotiable instrument provided its negotiability has not been restricted or excluded; however, a maker or drawer may indorse only if in lawful possession or holder, and a payee or indorsee may indorse only if holder.
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