GroundRules
Utah Code § 70A-3-201: Negotiation.
Where this section sits in the code
- Title 70A Uniform Commercial Code
- Chapter 70A-3 Uniform Commercial Code - Negotiable Instruments
- Part 70A-3-2 Negotiation, Transfer, and Indorsement
(1) "Negotiation" means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder.
(2) Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its indorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.
Collected 2026-09-03T11:34:34Z. Source file · JSON