{"data":{"id":"us-mn/minn.-stat.-336.8-304","jurisdiction":"us-mn","citation":"Minn. Stat. § 336.8-304","heading":"ENDORSEMENT.","body":"(a) An endorsement may be in blank or special. An endorsement in blank includes an endorsement to bearer. A special endorsement specifies to whom a security is to be transferred or who has power to transfer it. A holder may convert a blank endorsement to a special endorsement.\n(b) An endorsement purporting to be only part of a security certificate representing units intended by the issuer to be separately transferable is effective to the extent of the endorsement.\n(c) An endorsement, whether special or in blank, does not constitute a transfer until delivery of the certificate on which it appears or, if the endorsement is on a separate document, until delivery of both the document and the certificate.\n(d) If a security certificate in registered form has been delivered to a purchaser without a necessary endorsement, the purchaser may become a protected purchaser only when the endorsement is supplied. However, against a transferor, a transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary endorsement supplied.\n(e) An endorsement 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.\n(f) Unless otherwise agreed, a person making an endorsement assumes only the obligations provided in section 336.8-108 and not an obligation that the security will be honored by the issuer.","path":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 336. UNIFORM COMMERCIAL CODE","Revised Article 8 INVESTMENT SECURITIES","Part 3 TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES"],"source_url":"https://www.revisor.mn.gov/statutes/cite/336.8-304","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:43Z","sha256":"d3253679e600b1b43fac163025a230a26eb5c2ff1ae4dd3ad5b4d9328c2e00a1","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-336.8-303","next":"us-mn/minn.-stat.-336.8-305"},"notice":"GroundRules: Original legal text. Not legal advice."}