{"data":{"id":"us-nd/n.d.-cent.-code-41-03-22","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-03-22","heading":"(3-203) Rights acquired by transfer","body":"1.An instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.\n2.Transfer of an instrument, regardless of whether the transfer is a negotiation, vests in the transferee any right of the transferor to enforce the instrument, including any right as a holder in due course, but the transferee cannot acquire rights of a holder in due course by a transfer, directly or indirectly, from a holder in due course if the transferee engaged in fraud or illegality affecting the instrument.\n3.Unless otherwise agreed, if an instrument is transferred for value and the transferee does not become a holder because of lack of endorsement by the transferor, the transferee has a specifically enforceable right to the unqualified endorsement of the transferor, but negotiation of the instrument does not occur until the endorsement is made.\n4.If a transferor purports to transfer less than the entire instrument, negotiation of the instrument does not occur. The transferee obtains no rights under this chapter and has only the rights of a partial assignee.","path":["Title 41 Uniform Commercial Code","Chapter 41-03 Negotiable Instruments"],"source_url":"https://ndlegis.gov/cencode/t41c03.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"6902f6cbdb9f7ff456c0f46b04c4397f5c4b397fe8a34c93b77cb9ac681c8cf6","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-03-21","next":"us-nd/n.d.-cent.-code-41-03-23"},"notice":"GroundRules: Original legal text. Not legal advice."}