{"data":{"id":"us-ia/iowa-code-554.8304","jurisdiction":"us-ia","citation":"Iowa Code § 554.8304","heading":"Indorsement.","body":"1. An indorsement may be in blank or special. An indorsement in blank includes an indorsement to bearer. A special indorsement specifies to whom a security is to be transferred or who has power to transfer it. A holder may convert a blank indorsement to a special indorsement.\n2. An indorsement purporting to be only of part of a security certificate representing units intended by the issuer to be separately transferable is effective to the extent of the indorsement.\n3. An indorsement, whether special or in blank, does not constitute a transfer until delivery of the certificate on which it appears or, if the indorsement is on a separate document, until delivery of both the document and the certificate.\n4. If a security certificate in registered form has been delivered to a purchaser without a necessary indorsement, the purchaser may become a protected purchaser only when the indorsement is supplied. However, against a transferor, a transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary indorsement supplied.\n5. An indorsement of a security certificate in bearer form may give notice of an adverse claim to the certificate, but it does not otherwise affect a right to registration that the holder possesses.\n6. Unless otherwise agreed, a person making an indorsement assumes only the obligations provided in section 554.8108 and not an obligation that the security will be honored by the issuer.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 8 - INVESTMENT SECURITIES","Part 3 - TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.8304.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"70fbbd8656dd48e0cec5cd4f850d8129f62ca3b4e92dac0cfd54cd2018b02893","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.8303","next":"us-ia/iowa-code-554.8305"},"notice":"GroundRules: Original legal text. Not legal advice."}