{"data":{"id":"us-mi/mich.-comp.-laws-440.3201","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.3201","heading":"Negotiation; definition; transfer of possession.","body":"Sec. 3201.\n\n\"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.\n\nExcept for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its endorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-3201","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"e62b321f79fbbb446e3c550a61e3f7657975497b309dc30f97c2286075c9f3d3","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.3119","next":"us-mi/mich.-comp.-laws-440.3202"},"notice":"GroundRules: Original legal text. Not legal advice."}