13 GCA § 3205: Restrictive Endorsements.

An indorsement is restrictive which either

(a) Is conditional; or

(b) Purports to prohibit further transfer of the instrument; or

(c) Includes the words “for collection,” “for deposit,” “pay any bank,” or like terms signifying a purpose of deposit or collection; or

(d) Otherwise states that it is for the benefit or use of the indorser or of another person.