{"data":{"id":"us-gu/13-gca-3202","jurisdiction":"us-gu","citation":"13 GCA § 3202","heading":"Negotiation.","body":"(1) Negotiation is the transfer of an instrument in such form that the transferee becomes a holder. If the instrument is payable to order it is negotiated by delivery with any necessary indorsement; if payable to bearer it is negotiated by delivery.\n(2) An indorsement must be written by or on behalf of the holder and on the instrument or on a paper so firmly affixed thereto as to become a part thereof.\n(3) An indorsement is effective for negotiation only when it conveys the entire instrument or any unpaid residue. If it purports to be of less it operates only as a partial assignment.\n(4) Words of assignment, condition, waiver, guaranty, limitation or disclaimer of liability and the like accompanying an indorsement do not affect its character as an indorsement.","path":["Title 13: Uniform Commercial Code","Division 3: Commercial Paper","CHAPTER 2: TRANSFER AND NEGOTIATION"],"source_url":"https://col.guamcourts.gov/sites/default/files/13gdv003.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:27:58Z","sha256":"e5a6d624d4b467c7b045dea1034670d2b0faff26977948d1c0d8e1febaf2fc01","source_id":"us-gu","stale":false,"prev":"us-gu/13-gca-3201","next":"us-gu/13-gca-3203"},"notice":"GroundRules: Original legal text. Not legal advice."}