{"data":{"id":"us-ky/krs-355.3-110","jurisdiction":"us-ky","citation":"KRS 355.3-110","heading":"Identification of person to whom instrument is payable.","body":"(1) The person to whom an instrument is initially payable is determined by the intent of\nthe person, whether or not authorized, signing as, or in the name or behalf of, the\nissuer of the instrument. The instrument is payable to the person intended by the\nsigner even if that person is identified in the instrument by a name or other\nidentification that is not that of the intended person. If more than one person signs\nin the name or behalf of the issuer of an instrument and all the signers do not intend\nthe same p erson as payee, the instrument is payable to any person intended by one\nor more of the signers.\n(2) If the signature of the issuer of an instrument is made by automated means, such as\na check-writing machine, the payee of the instrument is determined by th e intent of\nthe person who supplied the name or identification of the payee, whether or not\nauthorized to do so.\n(3) A person to whom an instrument is payable may be identified in any way, including\nby name, identifying number, office, or account number. F or the purpose of\ndetermining the holder of an instrument, the following rules apply:\n(a) If an instrument is payable to an account and the account is identified only by\nnumber, the instrument is payable to the person to whom the account is\npayable. If an instrument is payable to an account identified by number and by\nthe name of a person, the instrument is payable to the named person, whether\nor not that person is the owner of the account identified by number.\n(b) If an instrument is payable to:\n1. A trust, an estate, or a person described as trustee or representative of a\ntrust or estate, the instrument is payable to the trustee, the representative,\nor a successor of either, whether or not the beneficiary or estate is also\nnamed;\n2. A person described as a gent or similar representative of a named or\nidentified person, the instrument is payable to the represented person,\nthe representative, or a successor of the representative;\n3. A fund or organization that is not a legal entity, the instrument is\npayable to a representative of the members of the fund or organization;\nor\n4. An office or to a person described as holding an office, the instrument is\npayable to the named person, the incumbent of the office, or a successor\nto the incumbent.\n(4) If an instrument is payable to two (2) or more persons alternatively, it is payable to\nany of them and may be negotiated, discharged, or enforced by any or all of them in\npossession of the instrument. If an instrument is payable to two (2) or more persons\nnot alternatively, it is payable to all of them and may be negotiated, discharged, or\nenforced only by all of them. If an instrument payable to two (2) or more persons is\nambiguous as to whether it is payable to the persons alternatively, the instrument is\npayable to the persons alternatively.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33438","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:44Z","sha256":"d3ca8be89a3a11dec89d794804a0e97793464ccdb1fa6467b5da4617d8f370e3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.3-109","next":"us-ky/krs-355.3-111"},"notice":"GroundRules: Original legal text. Not legal advice."}